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My mother and father settled a trust with themselves as
My mother and father settled a trust with themselves as discretionary beneficiaries and us 4 children as final . They have gifted off the $550k loan to purchase at $27k pa and there is nil balance owi… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 satisfied customers
We built a family home 2004 and put under a company name for
Hi, we built a family home 2004 and put under a company name for tax and depreciation purposes. My wife and myself are the only directors 50/50. When my wife passed away, our lawyer split up her share… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 satisfied customers
I am a citizen of Belgium and my native language is Dutch so
Dear Sir,I am a citizen of Belgium and my native language is Dutch so I used Google Translate.In 2006, as a bank gift, I transferred money into a portfolio of shares and bonds in name of my three chil… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 satisfied customers
How can I gift my asests, e.g. house and a small amount
How can I gift my asests, e.g. house and a small amount $20,000 in savings? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 satisfied customers
Relationship Property Sharing settlement Queries and a Tax
Relationship Property Sharing settlement Queries and a Tax Residency Query: 1. Should immoveable relationship assets (house, land) be valued at date of separation (2.5 years ago) or date of settlement… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 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
32,036 satisfied customers
I am a US/NZ citizen as are my wife and children. My parents
I am a US/NZ citizen as are my wife and children. My parents set up mirror family trusts for themselves and their children. They have died so the trust is settling. I want to protect my inheritance. I… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 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
32,036 satisfied customers
Husband has just died, will have freehold house, how much will
Husband has just died, will have freehold house, how much will it cost to set up a family trust, as my husbands part should not be liable for gift duty… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 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
32,036 satisfied customers
Greetings, Background: I am both Trustee & co-beneficiary
Greetings, Background: I am both Trustee & co-beneficiary of an irrevocable USA Family Trust established by my parents in (Co-Trustees) in March of 1971. Mom died shortly afterward, Father resigned & … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 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
32,036 satisfied customers
I bought a house in Christchurch in 1992.Now 1) I (non-resident
I bought a house in Christchurch in 1992.Now 1) I (non-resident of NZ) sell the house which my children have been staying (they are NZ residents) , I presume that I do not have to pay NZ property gain… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 satisfied customers
Im a new resident here from UK do i need a new Will here
I'm a new resident here from UK ? do i need a new Will here in NZ, l made one in UK covering all my worldwide assets and can those assets be put into a NZ Family Trust without NZ tax payment and would… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 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
32,036 satisfied customers
I am a NZ citizen, living in Singapore, looking to move my
I am a NZ citizen, living in Singapore, looking to move my assets into the most tax effective entity/vehicle before moving back to live in NZ in the next few years. A foreign trust looks to hold some … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 satisfied customers
Hi Chris My father passed away on 6/1/11, & did not return
Hi Chris My father passed away on 6/1/11, & did not return home after the accident I advised you about. In aprox Feb09 I visited NZ & Dad gave me a gift of money & transferred some term deposits to me… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,036 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
32,036 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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