How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Chris The Lawyer Your Own Question
Chris The Lawyer
Chris The Lawyer, Lawyer
Category: New Zealand Law
Satisfied Customers: 22322
Experience:  37 years qualified as a lawyer; LLB, MMgt and FAMINZ.
32702153
Type Your New Zealand Law Question Here...
Chris The Lawyer is online now
A new question is answered every 9 seconds

My parents own a freehold home and want to gift me (daughter)

Customer Question

Hello, My parents own a freehold home and want to gift me (daughter) $25k to help me out with a separation. They have been told this is not a good idea.
They dont want me to pay it back but go towards my inheritance.
Submitted: 6 months ago.
Category: New Zealand Law
Expert:  Chris The Lawyer replied 6 months ago.
There is nothing to stop them from doing so if that is their wish. There are no restrictions on gifting and they can so so freely. The only issue is if they are likely to need resdiential care when they are old and frail, and gifts made within 4 years of this can be set aside. But otherwise I dont know why they have been told not to do this.

Related New Zealand Law Questions