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My wife and I are selling main home brought in dec 14 our
Hi my wife and I are selling main home brought in dec 14 our lawyer has made us disclose our nz tax residency and other details I would not say my tax no Is this required our details? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Does New Zealand have unclaimed monies act? If so does a
Does New Zealand have unclaimed monies act? If so does a financial institution or organization have to report unclaimed monies to the government? If so how often?… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Would I be able to gift my inheritance money to my children
Would I be able to gift my inheritance money to my children without affecting future residential care subsidy. If gifted from my parents trust of which I am a beneficiary would that affect it if neede… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
My wife an I are in our late 70's, active and of good
My wife an I are in our late 70's, active and of good health, we expect to continue this way until our late 80's. How much can we gift to our children each year without effecting our residential care … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
My lawyer tells me that a period of 10 years is required
My lawyer tells me that a period of 10 years is required before the courts have no power to claw back assets if I should become ill and require residentiall care. Is there a definitive period that tru… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Is it advisable to continue a gifting programme to a family
Is it advisable to continue a gifting programme to a family trust now that gift duty has been abolished.… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Hi If we have had a family trust for a number of years that
Hi If we have had a family trust for a number of years that was not administered properly can we rectify that now by following the rules of Trust Law. All the money and assets have been used exclusive… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Under the current Trust arrangements does a "Deed of Reduction
Under the current Trust arrangements does a "Deed of Reduction of Debt - By Way of Gift" need to have the signatures of the Donor and Donees witnessed. The only assets in the Trust is the family home … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Bankruptcy and Family trusts. is property held in a family
Bankruptcy and Family trusts. is property held in a family trust considered to be a personal asset. I am a trustee but not a beneficiary of the trust. This question is in relation to possible bankrupt… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
My Mother wishes to transfer/sell her property to my brother
My Mother wishes to transfer/sell her property to my brother and I (we both have trusts), how do we go about doing this? Does money need to change hands or is this a paperwork trail? Thanks… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Hello, Id like to ask 2 questions about our NZ gifting and
Hello, I'd like to ask 2 questions about our NZ gifting and family trust. My wife and I formed a family trust with Guardian Trust back in 2007. We paid Guardian to do the gifting for 2 years, but it w… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Paying bills on trust property from personal income
If I have paid bills for my trust from my own money ie rates, insurance etc and other expenses relating to the trust property can this be classed as a repayment of debt back to me and reduce the amoun… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
I am the Settlor of my Family Trust (beneficiaries my children
I am the Settlor of my Family Trust (beneficiaries my children and self) made in 1995 and have an Acknowledgement of Debt in place for some $530,000 of total assets transferred of $700,000. Income has… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Hi there, I am being harassed by my ex husband. Many years
Hi there, I am being harassed by my ex husband. Many years ago when we split we had a house in a family trust. I took the house as part of the separation though we never had a formal separation agreem… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
Our house is in a family trust and we have been gifting for
Our house is in a family trust and we have been gifting for the last few years. I have heard and read articles about the gifting laws changing but have not been able to find any confirmation. I have r… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
My one and only older brother is single, not a New Zealand
My one and only older brother is single, not a New Zealand citizen and lives overseas. Being the only family member, will I be be taxed on inheriting the family property overseas and whatever other as… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
My husband and I are separating. We own a house and a section
My husband and I are separating. We own a house and a section together. We have been married for 5 years, but together for 15 in total. Approx 12 years ago his mother set up a deed of debt for $195,00… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 satisfied customers
I am required to pay child maintenance and do so. Last year
I am required to pay child maintenance and do so. Last year my parents both died and left there property which was in trust for both there children. My Trust bought out my sisters share of the propert… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,673 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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