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Was a shareholder at 10%in a company and put assets of 40
Was a shareholder at 10%in a company and put assets of 40 000 to join now the other shareholders have put company into liquidation an liquidators are wanting to take assets Is there any way to protect… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
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Estate planning, Will to include minor children. New
Estate planning, Will to include minor children JA: Since estate law varies from place to place, can you tell me what state this is in? Customer: New Zealand JA: What documents or supporting evidence … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 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
31,876 satisfied customers
My father Inlaw resides in a Resthome in Auckland, due to
My father Inlaw resides in a Resthome in Auckland, due to ill health at the time of him being assessed it was recommended that he be placed in a rest home Hospital Level Care in August 2017 in this ti… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
My widowed mother currently lives in retirement home.She has
Hi Pearl.My widowed mother currently lives in retirement home.She has dementia and when it worsens to the point that she needs care,she will be transferred to a unit with fulltime care.My question is … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
We have a family home in a trust, our business failed and
we have a family home in a trust, our business failed and the liquidators are trying to extract money from us personally. Can they pursue our family home?… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
How does the changed Trust law apply to the gifting
How does the changed Trust law apply to the gifting programme that my wife and I undertook in previous years. Our schedule of gifting already carried out before the new law changes, was as follows... … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
Would I be able to gift my inheritance money to my children
Would I be able to gift my inheritance money to my children without affecting future residential care subsidy. If gifted from my parents trust of which I am a beneficiary would that affect it if neede… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
How does an elderly couple stand in terms of illness in the
How does an elderly couple stand in terms of illness in the future, where one is caring full time for the other but because the illness is progressive like dementure or parkinsons disease, their husba… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 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
31,876 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
31,876 satisfied customers
My mother is quite ill, but would not go into care. Suddenly
My mother is quite ill, but would not go into care. Suddenly she has said she will. She lives in Kerikeri, but has decided she will move closer to us possibly Papakura. She is 75. She is only on a pen… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 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
31,876 satisfied customers
Is it advisable to continue a gifting programme to a family
Is it advisable to continue a gifting programme to a family trust now that gift duty has been abolished.… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
if you have a cash asset in the trust and you loan it out and
if you have a cash asset in the trust and you loan it out and the loan turns bad how do you write it off in the trust?… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
Hi If we have had a family trust for a number of years that
Hi If we have had a family trust for a number of years that was not administered properly can we rectify that now by following the rules of Trust Law. All the money and assets have been used exclusive… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
I am in a situation with a breach of contract with a person
I am in a situation with a person over a sale and purchase agreement regarding selling my business. I left money in for the seller. He operated the business for two years. He then transferred the busi… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 satisfied customers
can one defended a petiton for bankrupcty on the grounds of
can one defended a petiton for bankrupcty on the grounds of total and permanent disability caused by an illness...causing their business to be unable to continue...the problem being that the client ha… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,876 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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