Trust Information:

Trust name Your Trust name. On documentation your Trust will be referred to as "The whatever you entered here Trust"- so don't enter "The" at the front or "Trust" at the end.
Settlors Enter the names of the Settlors, up to 2 people (generally you and your partner). The Settlor(s) are the people setting up the Trust. Make sure, if you are or will be gifting your house or other posessions to the Trust, that the "Giftor" flag is ticked, so that you can make gifts to your Trust and produce yearly gifting tax certificates for the IRD.[You will be prompted during the Trust setup for their IRD numbers; if you do not have them to hand you can enter them at a later date.]
You are also required to enter the Settlors' town of habitation, and occupation.
Beneficiaries

The Beneficiaries are literally the people who will benefit from the Trust - they are entitled to distributions that the Trust may want to give, or interest free loans, or may even be given a house - these benefits are at the sole discretion of the Trustees. You may enter two main beneficiaries, whose heirs (ie children, grandchildren and so forth) will also benefit.
You may like to include the names of up to five individuals, charities or Trusts who will also benefit, but whose heirs (if applicable) will not.
Generally the Settlors will be the Beneficiaries, or it may be their children (if, for example, you are setting up a Trust for your child for a 21st birthday present).
Final Beneficiaries

A Trust can only last for a maximum of 80 years; the Final Beneficiaries are those who will receive the Final Assets should any still exist at the time the Trust is dissolved.
You can name your final beneficiaries, or choose that they be "discretionary", ie at the discretion of the Trust (which generally means your children and grandchildren). You might want to specifically name children from previous relationships as Final Beneficiaries to protect their interests.
Trustees

The Trustees are the persons responsible for running and administering the Trust. You may name 2 to 5 Trustees. We recommend the use of a minimum of three: you and your partner plus a close family member or friend who will be able to act impartially in the case of you and your partner separating. [If you do not have a partner then we recommend a minimum of two Trustees, yourself and a family member/friend.] Some lawyers suggest you can run a Trust with one Trustee, but this is disputed by others, and may cause the IRD to see the Trust as a sham.
You will be required to enter the town of habitation of each Trustee, plus their occupation.
Person with power to hire and dismiss Trustees Usually it is the Settlors who have ultimate power over the Trustees; however if you wish you can name up to 2 people with this power. This power rests with these people until death. [In the case of a parent setting up a Trust as a 21st birthday present for their child, for example, this person would be the child]
Date Generally you will enter today's date as the creation date of the Trust; you will enter a different date if you are registering an existing Trust.

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