Cone Marshall is a law firm based out of Auckland in New Zealand and specializes in giving advice about New Zealand laws to international clients
Karen Marshall worked for more than a decade for a law firm in London. Her experience is in managing trusts and she provides her advice to trustee companies. The range of her services includes attending to settlor requests, documenting action needs of the trust and other legal advisory. She has been a part of Cone Marshall since 2005.
Geoffrey Cone has been a lawyer since 1980. He started his practice in Auckland and after moving through locations such as Christchurch and West Indies, he came back to Auckland to establish Cone Marshall. He has experience in tax and trust advisory. Owing to the expertise and international experience of both Karen and Geoffrey, Cone Marshall has become a first of its kind firm in New Zealand. No other firm work only in international tax and trust planning.
Mr. Cone has long argues, with good evidence, that new Zealand is as transparent as it gets with respect to tax and that makes it a good place for people from elsewhere to place their assets at. The influx of foreign assets to New Zealand is due to this transparency and not because it is a tax haven. New Zealand has a very transparent tax structure and banking industry and the laws do not prohibit the country from sharing information with other sovereign states. All of these characteristics make it exactly opposite of how tax havens should be.
Hence the number of foreign trusts in New Zealand is on the rise. A lot of families and businesses are opting to place their assets in New Zealand via trusts. The trustees are required to maintain all legal documents which the government might share with other governments, should they ask for them. The documents include all the accounts information related to assets, liabilities, accounts receivables and accounts payables. All trustees operating in New Zealand must maintain records of their accounts according to the laws of the land. Due to the plethora of essential and transparent rules regarding operations and documentation, the international trustees require consultants to help them establish and run their trusts in New Zealand. Cone Marshall caters to this niche of clients. Cone Marshall works with the legal representatives of the interested families and does not solicit private clients.