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We are considering placing the family home into an existing
We are considering placing the family home into an existing Family Trust. The main purpose is to have the family home as an investment for the three children upon our death as a income rental property… read more
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Hello, as a resident of WA, I am the Administrator of my late
Hello, as a resident of WA, I am the Administrator of my late wife's Estate (as we did not have wills, & she passed away in 2001) & it has been brought to my attention by my accountant that I have to … read more
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My husband and I are separated and live in separate properties,
My husband and I are separated and live in separate properties, which we are both paying of, can we stay there for life and simply just give it to the boys?… read more
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I am wanting to refinace the family home with a different lender,
I am wanting to refinace the family home with a different lender, the existing loan is both in my name and my mothers name, she lives elsewhere in retirement where i support her. I live at this subjec… read more
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If a joint venture partnership having completed a land development,
If a joint venture partnership having completed a land development, creating new small titles for rural residential purposes and wishing to split the new titles equally between the joint venture partn… read more
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If I transfer my assets, family home, cash & shares and a unit
If I transfer my assets, family home, cash & shares and a unit that I own to a trust, say a discretionary trust that I am thinking of setting up. In NSW am I liable for Stamp Duty and what rate would … read more
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Good Morning I live in rural Victoria on a property own by
Good Morning I live in rural Victoria on a property own by a Family Trust. This trust is a Discretionary Trust of which I am the sole beneficiary. The property is the only asset the trust holds. I wis… read more
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We have a commercial property with two warehouses on the property.
We have a commercial property with two warehouses on the property. They are owned by a family trust comprising of two family trusts. They are set up as two strata titled unit each having their own sep… read more
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With a family trust, can I distribute income to both a company
With a family trust, can I distribute income to both a company and individual beneficiaries? Can all the income be distributed to the company? If assets are held in the trust for longer than 12 months… read more
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HelloMy husband is inheriting property from his parents
Hello My husband is inheriting property from his parents one of which is in Australia and the other overseas. I have three questions please: 1. Would there be taxes and other transfer costs associated… read more
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I would like to find out how TRUSTS work. My wife and I have
I would like to find out how TRUSTS work. My wife and I have no children, we are of pension age, and expect to have a large asset base to disperse in the very near future. 1. We are not averse to taxa… read more
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In transfering my Right, Title and Interest in a property to
In transfering my Right, Title and Interest in a property to a family member is Stamp Duty and Capital Gains Tax applicable? What would be the result if I gave Limited Power of Attorney until my death… read more
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We own our own house and two investment properties. We run
We own our own house and two investment properties. We run our own business. We also have now a family trust and wonder if we can transfer all our houses and business into the family trust. Also what … read more
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My husband and I are both 65 and both still working. Our 08/09
My husband and I are both 65 and both still working. Our 08/09 taxable income was $82000, $2000 over the threshold to get a seniors card. How can we legally reduce taxable income? My husband pays the … read more
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We have a property that is legally owned by us and rented by
We have a property that is legally owned by us and rented by our 2 sons and families - For 6 yrs in April. We are wanting them to take over this property. They would like to take advantage of the 1st … read more
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Are there any capital gains tax or stamp duty consequences
Are there any capital gains tax or stamp duty consequences from a person transferring a residential property they own personally into a family discretionary trust, in Western Australia?… read more
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If my wife and I agree on the financial settlement under what
If my wife and I agree on the financial settlement under what conditions is it binding, and is there a time limit after which the agreement is final… read more
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My husband and I recently separated and are using the Family
My husband and I recently separated and are using the Family Law Court of Australia "Application for Consent Orders Kit". We have four properties between us, and we have agreed that one of the propert… read more
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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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