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What is the law regarding the gifting of property to
Hi there. What is the law regarding the gifting of property to children? I have 10 acre block just north of Auckland. It's probably worth 3-4 miliion. I am only 63 and am not ready to move out yet but… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
Can I gift my children $50.000, without penalty? Auckland.
$12,000 in interest after tax, plus superannuation … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
To add my adult child's name to the deed of my property-
To add my adult child's name to the deed of my property- what is thd process, cost etc ? Thank you … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My 2nd husband (we are in late 70's). So we have 3 children
My 2nd husband (we are in late 70's). So we have 3 children each. My husband chose to move into my home and we have a relationship agmt. Now my husband is selling his home so he can pay large amounts … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My lawyer advised me that "if we gift over 25 thousand it
Hi, My lawyer advised me that "if we gift over 25 thousand it will remain our asset forever and can create issues later if residential care is required." Our accountant advided that "lump sum gifting … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My father has a tenancy in common property. His partner died
Hi. My father has a tenancy in common property. His partner died 18 mths ago, and her children will inherit her half of the property on the sale whenever that is. My question is, what about any improv… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
Myfather. My father in law has about 1,000,000 in CASH AND
My father in law has about 1,000,000 in CASH AND SHARES. My freind said we should reduce his assets by gifting as her lawyer has advised her.. -my friend says 6000 per person up to 27,000 per year in case he goes to a rest home (and that money could go to paying for the rest home care. However our lawyer says that the 27,000 is old law and the new law states that only 6500 can be gifted per year to only one person. what is correct now? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My sister-inl-law has dementia. When she goes into care, can
My sister-inl-law has dementia. When she goes into care, can my brother sell the house and buy a smaller one or does the money from the house go to caring for his wife? He seems to think that if he se… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 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
31,872 satisfied customers
A coupe own their joint home. One partner has to go into
A coupe own their joint home. One partner has to go into care - his superan goes to the home for his care - The home wants the stay home partner to provide her bank statements along with the patients.… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My widowed mother went into residential care 10 months ago. Her asset test confirmed she w
My widowed mother went into residential care 10 months ago. Her asset test confirmed she would be fully subsidised and we were told we would not have to sell the family home. I received a call from WI… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
my father is in poor health, his house is not suitable to live
my father is in poor health, his house is not suitable to live in, I live in napier he lives in kaitaia , he needs to live near family, he owes 60,000 on the mortage, can he declare bankruptcy? so he … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
Hi, My dads house has been managed by the Public Trust since
Hi, My dads house has been managed by the Public Trust since 2012. They were court appointed because I "screwed up" as property manager. My dad is 88yrs old and in a rest home with Alzheimer's. There … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My father is going to turn 65 in September. He has dementia
My father is going to turn 65 in September. He has dementia and is in a rest home - has been for 1 year. My mother still lives in the community and in the family home they own together, which is mortg… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
My elderly parents will very soon require full-time residential
My elderly parents will very soon require full-time residential care. They currently own their own home, which they would like to leave to my brother and myself. They are concerned that if they are in… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
Nearly 2 years ago my Father in law went into a rest home,
Nearly 2 years ago my Father in law went into a rest home, he has been paying for himself out of savings. His money will run out in February 2013 and we will need to apply for a rest home subsidy. For… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 satisfied customers
WINZ has let the family know that they cant make me sell my
WINZ has let the family know that they can't make me sell my house. I'm planning to move back into the house in late January. Can WINZ still use the money my father has invested in the house to assess… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,872 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
31,872 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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