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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
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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
31,849 satisfied customers
My aunt lent $250000 to my dad and dad now sold his house
My aunt lent $250000 to my dad and dad now sold his house and would like to repay his sister, no loan agreement was drawn up. It is a repayment, not gift, how can we avoid being penalized for gift tax… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
I have written my mothers will. She is leaving money to
I have written my mothers will. She is leaving money to grandchildren, great grandchildren and great great grandchildren. Her home is to be sold and divided evenly by her children. Her questions. Can … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
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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
31,849 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
31,849 satisfied customers
My father has dementia and is now in residential care. He
My father has dementia and is now in residential care. He has been in a de facto relationship for about 20years. He owns a share of his house (that he lived in before moving into care) but his bank ac… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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
31,849 satisfied customers
I am applying for a residential care subsidy for my father
I am applying for a residential care subsidy for my father who has just gone into a dementia unit. His house and a small amount of cash is in a family trust. Can they make us use this money before he … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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
31,849 satisfied customers
My husband will eventually require residential care. I'm a
Hi my husband will eventually require residential care. I'm a trustee of my parents familt trusts. On the death of parent will my inheritance be used to pay for his care … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
I need a nz solicitir that knows about elder law and the
I need a nz solicitir that knows about elder law and the residential care home subsidy and whether the DHB can force someone inro … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
As my mother is in care and receiving the Residential care
As my mother is in care and receiving the Residential care subsidy we can no longer do any "gifting". Is there any other way to reduce the money she has ( term deposits or her cheque a/c?) Thanks Cath… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
If I purchase the $35.00 Deed of Gift online, how the doc
If I purchase the $35.00 Deed of Gift online, how the doc become a legal doc, do I need the signed doc to be verified by JP? … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 satisfied customers
I am an excutor of my deceased aunties estate. Also my
I am an excutor of my deceased aunties estate. Also my sister and dad. Dad is in full time hospital care so wants to resign as executor. I know there is a form for him to sign, as I am his epoa can I … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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
31,849 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
31,849 satisfied customers
My Mother wishes to transfer/sell her property to my brother
My Mother wishes to transfer/sell her property to my brother and I (we both have trusts), how do we go about doing this? Does money need to change hands or is this a paperwork trail? Thanks… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,849 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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