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I have just closed a gym and am wondering if I have my home
Hi, I have just closed a gym and am wondering if I have my home in a trust, can I go bankrupt as the shop is till not re leased to a new tenant. … read more
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Leon
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If a sole director of one company is heading for finiacial
If a sole director of one company is heading for finiacial disaster in another company, before that goes belly up can (with his permission) I just get him to resign and sign over directorship to me.… read more
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The deceased owned a cattle property and equipment and for
The deceased owned a cattle property and equipment and for vehicles in the family trust. I am the sole trustee left of that trust and my solicitor has informed me that I have no claim over the equipme… read more
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Leon
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I am the sole executor of my mothers estate. My brother is
I am the sole executor of my mothers estate. My brother is a beneficiary who is currently bankrupt. Do I have a legal obligation to inform the bankruptcy trustee? Can the money be taken from my brothe… read more
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Continue with the question with more information: We are three
Continue with the question with more information: We are three brothers the eldest and myself, the youngest, living in Australia. The middle one lives in NZ. These are the facts; -A discretionary Trus… read more
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My business is registered as a partnership between two family
My business is registered as a partnership between two family trusts. If the business goes bankrupt, what protection do the trusts offer?… read more
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We are a charitable organisation called AHMA. We have five
We are a charitable organisation called AHMA. We have five trustees. we have a trust deed but its not registered. there is a fall out amongst the trustees and one group is using the members of AHMA to… read more
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we sold our farmlet and want to put a house in the kids name,
we sold our farmlet and want to put a house in the kids name, who are in the family trust, can it be sold if we declare bankruptcy, the house is $80'000. thankyou. we are in w.a.… read more
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My husband and I have been sepertated for over 12 months. Our
My husband and I have been sepertated for over 12 months. Our house was given to us by his parents the title deeds were in both our names.. my husband owes the tax department $150,000 because of this … read more
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In the will there are two executors appointed . At some point
In the will there are two executors appointed . At some point the will says: " I give devise and bequeath the rest and residue of my estate of whatsoever kind and wheresoever situate to my trustees up… read more
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I have a member of my family who, along with his wife, has
I have a member of my family who, along with his wife, has been declared bankrupt. They were guarantors for a loan by company which went into liquidation. My parents would like to buy him and his wife… read more
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Could you please tell me how to remove someone from a Family
Could you please tell me how to remove someone from a Family Trust. We have a family member who enticed our elderly parents to form a family trust on the house and then they borrowed $130,000 against … read more
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Patrick H.
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My mother passed away several months ago and my brother and
My mother passed away several months ago and my brother and myself (as per her written instructions in this will) were granted executor and trustee. My brother recenty passed away, so I am now the sol… read more
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Leon
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I am a judgment creditor and the judgment debtor claims that
I am a judgment creditor and the judgment debtor claims that he is destitute and cannot pay any of his bills (least of all mine which is now in the order of $110K plus costs) He also happens to be a p… read more
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If someone has a judgement against a ABC Pty Ltd, can they
If someone has a judgement against a ABC Pty Ltd, can they get at the properties held in the name of ABC PTY Ltd as of the ABC Trust?… read more
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Leon
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Master's Degree
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My father-in-law died in 2004. He set up a family trust made
My father-in-law died in 2004. He set up a family trust made up of shares, and said that the income would go to his 2nd wife, and that the capital would go to his 3 sons on her death. In his will he h… read more
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Hi, I am wanting to set up a descretionary trust and new company
Hi, I am wanting to set up a descretionary trust and new company which will be a "replacement arrangement" for our current company. My goals are assest protection and building wealth to buy properties… read more
Brisbane-Lawyer
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My sister declared her self bankrupt over three years ago but
My sister declared her self bankrupt over three years ago but has been cleared now A brother passed away in that time he did not have a will his share in a house is being devided between the family Th… read more
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Leon
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32,717 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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