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I am 58yrs old and have just invested all my savings into a
Hi, I am 58yrs old and have just invested all my savings into a start up business ($150k) 4 shareholders, I have 15% and am sole director. I have a property in Alexandra value $400k, freehold. I am ab… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 satisfied customers
I'm in Whangarei, NZ. On CoT NA42A/229 Aver, Anne Cunningham
I'm in Whangarei, NZ. On CoT NA42A/229 Aver Walker Paul, Anne Cunningham and Susan Doreen Rihari are listed under Registered Owners, as Executors. Aver was my husband for 55 years. He died on Waitangi Day last year. How does he get replaced as Executor? and what does an Executor of a CoT actually do?? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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
26,035 satisfied customers
My husband and I had our family home in a family trust, set
My husband and I had our family home in a family trust, set up to protect the home in case one of us went into care. My husband died not long after that, and because of difficult circumstances I ended… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
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I dont wish to leave assets in my Will to one or more of my
I don't wish to leave assets in my Will to one or more of my children. They are 40 and 47 years old and are both on reasonable incomes. I am more concerned that my assets be converted to the benefit o… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 satisfied customers
What is the benefit of having a Family Trust is it still worthwhile
What is the benefit of having a Family Trust is it still worthwhile under the new IRD rules etc. If I chose to close down my business, will it be beneficial to set up a family Trust, or should I do it… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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
26,035 satisfied customers
This is stated in a Will: Gifts: I give to the trust all
This is stated in a Will: Gifts: I give to the trust all loans which I have made to the trust in my lifetime and which the trust has not repaid at my death. What does this mean?… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 satisfied customers
We would like to put our house into Trust, our house is worth
We would like to put our house into Trust, our house is worth $250,000 to $300,000 and has no mortgage. Can you tell me the approximate cost to do this and how long it would take?… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 satisfied customers
My husband and I are now retired and have not been able to
My husband and I are now retired and have not been able to sell our very large home. My daughter (solo mum) and grandson are moving in with us. Our son (who has a chronic pain syndrome) is also going … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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
26,035 satisfied customers
I am 69yrs and my wife is 68. Is it advisable to create a family
I am 69yrs and my wife is 68. Is it advisable to create a family trust at this time. our property is valued at $280,000, and what would be the approx cost in setting up a trust with a solicitor and ho… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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
26,035 satisfied customers
Hi- We have one daughter between us and two step daughters(my
Hi- We have one daughter between us and two step daughters(my husbands).The two step daughters have just come onto the scene after 35 years. In the case of us both dieing can our daughter be the only … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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
26,035 satisfied customers
15 years ago my mother made a will and leaving equal shares
15 years ago my mother made a will and leaving equal shares of her freehold property to my sister and myself. 9 Years late Mum set up a family trust being herself my husband and myself known as the ..… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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
26,035 satisfied customers
I am in the process of seperating from my husband and selling
I am in the process of seperating from my husband and selling the family home which we will split 50/50 after the mortgage has been paid back. I look to walk away with around $200,000. We have 2 child… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
26,035 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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