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Related New Zealand Law Questions
We have a small family trust and would like to close it
We have a small family trust and would like to close it down. can you please let me know a list of things we should be sure to do to close it down. The legal jurisdication is nz. It would be helpful t… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
I want to set up a family trust and transfer assets into it.
I want to set up a family trust and transfer assets into it. … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
My 19 year marriage has ended. We married in 1998. Our
Hi My 19 year marriage has ended. We married in 1998. Our assets include a property owned by me since 1984 and rented since 1992 with the income directed into our family account. In Feb ' 2002 we set … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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
31,849 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
31,849 satisfied customers
If the IRD only requires documents to be kept years (ten if
If the IRD only requires documents to be kept for six years (ten if an audit has commenced), yet Section 163 of the Tax Administration Act 1994 provides no limitation of an action to recover tax, does… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
intervivos trust, how do beneficiaries get to know that
For an intervivos trust, how do beneficiaries get to know that they are, indeed, beneficiaries? Perhaps there are obligations on the trustee to inform individuals that they are beneficiaries and what … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
Chris, I have a ($20,000) Student loan that has now accumulated
Chris, I have a ($20,000) Student loan that has now accumulated late fees, interest an penalty's as I reside in Australia. I have made only minor repayments and want to know where I legally stand as I… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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
31,849 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
31,849 satisfied customers
Can a sibling challenge the trust of his late mother which
Can a sibling challenge the trust of his late mother which was set up 5 years ago and all proceeds go to his 4 sisters the only thing outside the trust is the chattels inside the home he has been left… read more
LawNZ
LawNZ
Other
31 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
31,849 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
31,849 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
31,849 satisfied customers
When is a Deed of Forgiveness of Debt required to be completed?
When is a Deed of Forgiveness of Debt required to be completed? Is it required to be completed (for example) when the Settlor has lent funds to the Trust to pay for a kitchen renovation, as the Trust … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
What are the advantages and disadvantages of paying off my
What are the advantages and disadvantages of paying off my family trust totally now? Is it worth having a trust now? Thanks Maris… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
I was contemplating setting up a Family Trust to protect my
I was contemplating setting up a Family Trust to protect my asses for my boy. At present I can gift $27,000 without gift duty. My house is in my name as I rent part of it out so can claim the rental l… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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
31,849 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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