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I am reading the family trust document again and need
I am reading the family trust document again and need clarification of a section. " During the Trust Period the Trustees may with respect to all or any part or parts of the net income of the Trust Fun… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
I am a US tax resident and own a Management Company in
Hi, I am a US tax resident and own a Management Company in Luxemburg and a Securitisation Fund. To maintain tax neutrality of the Luxemburg Sec Fund I am establishing a trust in NZ. I cannot appear as… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
This question is in relation to a family trust where iam
good afternoon chris..this question is in relation to a family trust where iam noted on the trust deed as a final beneficiary.Undocumented loans,,the trust has recently been changed due to the separat… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
Me as the settlor of a family trust can i also be a trustee?
me as the settlor of a family trust can i also be a trustee? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
If a property is put into a trust at time of purchase, with
If a property is put into a trust at time of purchase, with that money being put into a lawyers trust fund account by my parents then the lawyer purchased the property with the help of an unrelated pe… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
My late father passed away but 2 years he placed enough
My late father passed away but 2 years he placed enough money into a property trust for my benefit as the preferred beneficiary,but in the trust deed it stats that the a pointer who is also a trustee … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
Can a person who is both a settlor and trustee of a trust
Can a person who is both a settlor and trustee of a trust resign leaving just one settlor and trustee, and if so what is the process to do this? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
My father has recently passed away. He had set up a family
My father has recently passed away. He had set up a family trust with my brother, his wife and their children as the beneficiaries of his estate. I, along with my three sisters will not receive any in… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
I am the settlor of a family trust. My last trustee resigned
I am the settlor of a family trust. My last trustee resigned by notice in writing last year. I have not replaced him. The trust has only one asset and is becoming too much trouble to persevere with. I… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
I am a life beneficiary of the income from an estate. Recently
I am a life beneficiary of the income from an estate. Recently the existing trustees retired and new trustees were appointed at considerable cost. Who is liable for that cost? The income beneficiary, … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
We have a family trust (the house is the only asset). Over
We have a family trust (the house is the only asset). Over the past 20 years as settlors we forgave the debt of the trust to ourselves meaning the majority of the house value ended up in the trust. We… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
What documents and procedures need to be completed to give
What documents and procedures need to be completed to give all of an estate to a son including outstanding loans to a trust. What things do i need to consider, and do you have examples of such documen… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
Heritage Trust Ltd have been administering my family home trust
Heritage Trust Ltd have been administering my family home trust for several years but their charges seem very high for the time likely to be involved. How difficult is it for me to administer my own t… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 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
32,029 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
32,029 satisfied customers
I am a widow who formed a family trust 6 yrs ago.The only assett
I am a widow who formed a family trust 6 yrs ago.The only assett involved was my present house . . From my recent reading Govt has scrapped trusts of this sort . As a result of this I suggested to my … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
We have a family trust that has completed gifting the debt
We have a family trust that has completed gifting the debt this year. The final amount gifted is circa $8,000 - well below the $27,000 threshold before gift duty kicks in. We have completed the deed o… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 satisfied customers
how do i write a letter to my lawyer requesting my funds be
how do i write a letter to my lawyer requesting my funds be transferred to the family trust and i will continue to receive the invalids benefit only please… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,029 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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