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In view of the quickly changing world I am asking how do we
In view of the quickly changing world I am asking how do we best protect our assets? We have freehol rent houses, own our own house and have some cash on deposit. We are retired. I see the inevitable … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My aunt lent $250000 to my dad and dad now sold his house
My aunt lent $250000 to my dad and dad now sold his house and would like to repay his sister, no loan agreement was drawn up. It is a repayment, not gift, how can we avoid being penalized for gift tax… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
I have written my mothers will. She is leaving money to
I have written my mothers will. She is leaving money to grandchildren, great grandchildren and great great grandchildren. Her home is to be sold and divided evenly by her children. Her questions. Can … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
If a person is a settler in a family trust could they still
If a person is a settler in a family trust could they still be eligible fir government subsidized age care or would the trust assets be taken into account … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
I have a question about a family trust that owned a property
hi, yes, I have a question about a family trust that owned a property that was then sold and the proceeds loaned to the elderly trustee to buy the right to reside in a retirement village apartment. Wh… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
I have been advised to request legal advice on the
I have been advised to request legal advice on the following: … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My husband will eventually require residential care. I'm a
Hi my husband will eventually require residential care. I'm a trustee of my parents familt trusts. On the death of parent will my inheritance be used to pay for his care … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My mother and father settled a trust with themselves as
My mother and father settled a trust with themselves as discretionary beneficiaries and us 4 children as final . They have gifted off the $550k loan to purchase at $27k pa and there is nil balance owi… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My husband is in a resthome. Our house is in trust. It was
Hi my husband is in a resthome. Our house is in trust. It was gifted over when we were able to gift $27000.00 each per year. End of gifting was, I think early 2002. It was a simple trust no money, and… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
Going into a rest home, have a trust which gives us a
Going into a rest home, have a trust which gives us a monthly amount from interest and share dividend to top up our super, not a big amount. The trust has its book done yearly and our accountant sugge… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
I am 77 ears of age. Please ignore previous info. I pressed
Hi Pearl. Please ignore previous info. I pressed the enter bar by mistake! My wife and I own a freehold house. I am 77 years of age, my wife is 64 and is a part time teacher. If I go into a rest home is our asset affected in any way? I have Govt Super of aroun $500 per month. Reagsd … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
I would like to leave my house to my children Can I set up a
I would like to leave my house to my children Can I set up a trust for this? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
Wills. My mother and father had in their Will their house is
Hi Chris. Wills. My mother and father had in their Will their house is to be sold and divided equally between the four of us. Father has passed, Mother has Dementia and in old folks home. … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My dad has been in a rest home 5 years . We did not have to
My dad has been in a rest home 5 years . We did not have to pay for his care because we took out a mortgage on his freehold home ( it's 50 years old ) to renovate it before he went into care as his da… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My father is going to turn 65 in September. He has dementia
My father is going to turn 65 in September. He has dementia and is in a rest home - has been for 1 year. My mother still lives in the community and in the family home they own together, which is mortg… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
WINZ has let the family know that they cant make me sell my
WINZ has let the family know that they can't make me sell my house. I'm planning to move back into the house in late January. Can WINZ still use the money my father has invested in the house to assess… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
My husband aged 65 is in Residential Care. We set up a family
My husband aged 65 is in Residential Care. We set up a family trust in 2002 but the gifting won't be completed for 12 months and so I see our small cash investment diminishing rapidly as I pay for his… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 satisfied customers
hello,my mother with testamony capacity went into a rest home
hello,my mother with testamony capacity went into a rest home a year ago,and as her agent with WINZ and EPO guardianship welfare,i put her application with the subsidy unit, because the family home (n… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,033 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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