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To save confusion there are three generations involved in
To save confusion there are three generations involved in this the grandmother (Jonna) the daughter (Malane) and the grandchild (Angela). So there is a discretionary trust with two settlors the grandm… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 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
31,680 satisfied customers
I just have one question Pearl. Is there are cost to ask
I just have one question Pearl. Is there are cost to ask that one question? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 satisfied customers
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
31,680 satisfied customers
My two older sisters are trustees for my inheritance from my
My two older sisters are trustees for my inheritance from my mother. … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 satisfied customers
I'd like to set up a Trust. I have 2 Trustees and I need to
Hi Pearl. I'd like to set up a Trust. I have 2 Trustees and I need to know what information I need to have about them when I set up a Trust, which I'm going to do through a Lawyer. Also do the benefic… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 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
31,680 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
31,680 satisfied customers
My question is: under NZ law must a gift to a person under
My question is: under NZ law must a gift to a person under 20 years of age be held in trust for them until they reach the age of 20? The specifics are: My 2 children were each gifted a sum of money in… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 satisfied customers
Are the beneficiaries of a NZ Family Trust set up 1991 liable
Are the beneficiaries of a NZ Family Trust set up 1991 liable to pay tax on cash distributions following the winding up of the Trust? Are these distributions considered to be capital?… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 satisfied customers
When a Family trust distributes income earned in a year to
When a Family trust distributes income earned in a year to a beneficiary at what amount is it recored in the "MINUTES OF MEETING OF THE TRUSTEES OF THE (Surname) FAMILY TRUST FOR INCOME DISTRIBUTIONS"… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 satisfied customers
Over a period of 20 years an of shore fund has accumulated
Over a period of 20 years an off shore fund has accumulated many thousand of dollars , an NZ resident has no legal right to these funds but a practical influence over this fund. Does the IRD makes dea… read more
LawNZ
LawNZ
Other
31 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
31,680 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
31,680 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
31,680 satisfied customers
My mother died recently & myself & my brother are the only
My mother died recently & myself & my brother are the only 2 beneficiaries noted in her will. I am also executor & trustee along with my uncle. The problem I have is while I inherit half of the estate… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 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
31,680 satisfied customers
Dear Sir, I would like some advice on setting up my estate
Dear Sir, I would like some advice on setting up my estate as a trust, preferably in Australia - or NZ if that is a problem in Australia. I'm an Australian citizen, residing in NZ several years. Prope… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,680 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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