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Related New Zealand Law Questions
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
31,518 satisfied customers
I previously contacted you concerning information on the
Hi Chris. I previously contacted you concerning information on the seperation of my husband and I. I'm not sure if you have access to that correspondence, but if you require it hopefully I can cut and… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 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
31,518 satisfied customers
Im living overseas and since the 12 years I am here I have
Customer: Hi Im living overseas and since the 12 years I am here I have been in financial hardship and unable to neither return to NZ nor to repay the loan. I see that bankruptcy could wipe the loan b… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 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
31,518 satisfied customers
I am having the most difficult time ever in my life and I
I am having the most difficult time ever in my life and I am afraid that I have to give up my property in Auckland sadly. I have to pay my mortgage of NZ$625 every fortnight which is more than what I … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 satisfied customers
I came across the following. Id like to interact to explore
I came across the following. I'd like to interact to explore how some of the NZ entities mentioned may be used in planning. Searching for any of the sentences or phrases should uncover the source. I d… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 satisfied customers
Hello, I am an Australian citizen residing in Australia,
Hello, I am an Australian citizen residing in Australia, but I have an unpaid NZ student loan. I have had no contact with IRD NZ for 12 years now. Until, that is, I recieved a letter from a debt colle… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 satisfied customers
Hello, Im a kiwi living in Aust. In the mid 90s I accumulated
Hello, I'm a kiwi living in Aust. In the mid 90s I accumulated student debt of about 30k. I left in 98 & never paid anything. 15y on & I received a letter requesting contact. I'm guessing that 30kx15y… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 satisfied customers
Hi I live in Australia (since 1995) last week I got a letter
Hi I live in Australia (since 1995) last week I got a letter from the IRD saying I owe money from a Student Loan in 1993. When I left NZ I believed this was paid. I have been back to NZ several times … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 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
31,518 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
31,518 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
31,518 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
31,518 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
31,518 satisfied customers
Hi, I own a business that has gone under. One of the creditors
Hi, I own a business that has gone under. One of the creditors of the business was the owner of the property we lease which was leased for 36 months and still has 12 months remaining. We requested to … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 satisfied customers
I am living in the USA and owe NZ65,000 in student loans. I
I am living in the USA and owe NZ65,000 in student loans. I am no longer a NZ citizen - I gave up my NZ citizenship. I have UK citizenship and will shortly become a US citizen (dual citizenship). I ha… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 satisfied customers
I bought a NZ company in Oct. 10, want to put in fam. trust
I bought an NZ company in Oct. '10 with 2 partners, we each paid $160k for it, and I have established a trust I want to put the company into. The company is repaying us our shareholder loans gradually… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,518 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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