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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
31,663 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
31,663 satisfied customers
To add my adult child's name to the deed of my property-
To add my adult child's name to the deed of my property- what is thd process, cost etc ? Thank you … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
Can you help with family trust in new zealand? I do not have
Hi Pearl, can you help with family trust in new zealand? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
My father has dementia and is now in residential care. He
My father has dementia and is now in residential care. He has been in a de facto relationship for about 20years. He owns a share of his house (that he lived in before moving into care) but his bank ac… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
I am applying for a residential care subsidy for my father
I am applying for a residential care subsidy for my father who has just gone into a dementia unit. His house and a small amount of cash is in a family trust. Can they make us use this money before he … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 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
31,663 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
31,663 satisfied customers
I am interested in putting my house into a trust? How do I
Hi I am interested in putting my house into a trust? How do I get more information, and how do I go about it....my main concern am I able to sell my house if it is in a trust. … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
I'm an Australian citizen with a residential property
I'm an Australian citizen with a residential property investment in Aukland. Can I have the investment included into a superannuation fund ? And if so, how can I do it? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
I have set up A Family Home Trust to protect my asset. I did
I have set up A Family Home Trust to protect my asset. I did it online and have applied and got an IRD #. I also have set up a separate bank account in that name. My question is what is the best way t… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
My sister is applying residental care subsidy with WINZ;
My sister is applying for the residental care subsidy with WINZ; Winz have agreed her assets are under the threshold. But WINZ are saying that a trust that my sister setup for her sons needs to give h… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
Hi, my girlfriend has a 19 year old daughter on an invalids
Hi, my girlfriend has a 19 year old daughter on an invalids benefit with WINZ. Many years ago my girlfriend put money aside to give her daughter to assist her throughout her adult life (around $10,000… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
Hi we are a married couple in our mid fifties, we have no children.
Hi we are a married couple in our mid fifties, we have no children. We are wondering if we should set up a Family Trust in case that in the future one of us may have to go into care. The house value i… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
Hi I have a question re an Asset protection trust. My ex
Hi I have a question re an Asset protection trust. My ex wife and I set up an asset protection trust many years ago and after a few investments went well the trust bought a house and the family became… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 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
31,663 satisfied customers
Good morning. I am , from time to time checking out any
Good morning. I am , from time to time " checking out " any up-dates on the Nat. Govt.'s plan to remove Gift Duty. Due to an incompetent person, who failed to carry out my instructions , some years ag… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 satisfied customers
Should I have a family trust We are 55 and 56 yrs old with
Should I have a family trust? We are 55 and 56 yrs old with 3 children 20 - 26. Own a farm worth 4 million. I want to know that anything I gift to my children will stay with them and not be divided wi… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,663 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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