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Western Australian Law. A trust has a vesting date of 30th
Western Australian Law.A trust has a vesting date of 30th June 2015 and a perpetuity period to 9th August 2057.Has this trust officially ended or does the perpetuity period override the vesting date ?… read more
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If i sell a house that i put in a family trust for 20 years
Hi, if i sell a house that i put in a family trust for 20 years but was my primary place of residence- do i have to pay capital gains tax? … read more
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I need to ask what differences exist between (tax laws) IT
I need to ask what differences exist between (tax laws) IT 26221 and IT 26222 in reference to the rights of beneficiaries to income earned once an estate has entered its' Trust phase - ie : moved on f… read more
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I am a Trustee of a discretionary trust that owns Australian
I am a Trustee of a discretionary trust that owns Australian farmland to the value of approx. $5million. The trust was created in 1995 and now has outdated beneficiaries listed in the trust document. … read more
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Following is the will to which my questions refer. All names
Following is the will to which my questions refer. All names are ***** ***** fictitious names. This will is made by me Joe Blow. EXECUTOR I APPOINT my friend Sid Swift to be the executor and trustee o… read more
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Can a Testator give the Executor the power to select which
Can a Testator give the Executor the power to select which of the named beneficiaries gets which asset. the assets are often not known at the time of writing the will?… read more
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Settlors of Trust are husband and wife in NZ . They set up
Settlors of Trust are husband and wife in NZ . They set up mirror trusts for the benefit of each other and after their death to the benefit of their children and grandchildren. Settlors die. The Trust… read more
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I am trying to get a third opinion due to the fact that I have
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Andrea, Esq.
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If a deceased person has a Loan from a Bank with say $60000
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Hi, I am executor of my mothers estate. She lived and died
Hi, I am executor of my mother's estate. She lived and died in Australia, and her will was drawn up there, and the assets she left are within its territories. She left money to several beneficiaries, … 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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Hi Leon I gather your credentials cover Estate as well as
Hi Leon I gather your credentials cover Estate as well as Tax law so I have another question in relation to my mother's Estate. Her Will established Testimentary Trusts for both my sister and myself. … read more
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Leon
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1. My father established what I believe is a discretionary family trust in 1984, with himself and mother as trustees and himself mother and my two brothers and sister as beneficiaries. Income generati… read more
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I want to continue from my previous query when you asked for
I want to continue from my previous query when you asked for the exact wording of my mother's will in order for you to advise better.… read more
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My mother has inherited a half share of a unit that has to
My mother has inherited a half share of a unit that has to be sold according to the will. When does the capital gains tax come into play, before or after she gets her share from the other beneficiary,… read more
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My father died in 1991. I and my 4 siblings each received 10%
My father died in 1991. I and my 4 siblings each received 10% of the value of the estate (made up entirely of Australian shares. The other 50% remained to support my father's second wife till her deat… read more
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I am one of eight beneficiaries of my late mothers estate.
I am one of eight beneficiaries of my late mother's estate. We are currently in the process of selling her investment property through a trust that has been set up for her assets. My mother was on a p… read more
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My mother died leaving her share of the family home between
My mother died leaving her share of the family home between 3 siblings as tenants in common. If the house was sold, would it incurr capital gains tax? Only one sibling resides in the home. Should we d… 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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