New Zealanders love trusts. In fact, we have one of the highest numbers of trusts per capita in the world. But it's a love affair soon to be tested with the arrival of a new Trusts Bill.

The new Bill will more clearly set out the rules of the relationship. When it is passed, it will demand more openness and accountability and will ask for more in terms of time and financial commitment.

Historically, trusts in New Zealand have been able to operate with a degree of mystery. They've been an alluring prospect for protecting assets, not least against