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In view of the quickly changing world I am asking how do we
In view of the quickly changing world I am asking how do we best protect our assets? We have freehol rent houses, own our own house and have some cash on deposit. We are retired. I see the inevitable … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,686 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
31,686 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
31,686 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
31,686 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
31,686 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
31,686 satisfied customers
My husband is in a resthome. Our house is in trust. It was
Hi my husband is in a resthome. Our house is in trust. It was gifted over when we were able to gift $27000.00 each per year. End of gifting was, I think early 2002. It was a simple trust no money, and… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,686 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
31,686 satisfied customers
My Father has Dementia and my step sister has enduring power
Hi My Father has Dementia and my step sister has enduring power of attorney, she has had this evoked through a doctor and wants to sell his house and put him in a home. We don't agree with this as our… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,686 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
31,686 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
31,686 satisfied customers
Wills. My mother and father had in their Will their house is
Hi Chris. Wills. My mother and father had in their Will their house is to be sold and divided equally between the four of us. Father has passed, Mother has Dementia and in old folks home. … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,686 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
31,686 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
31,686 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
31,686 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
31,686 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
31,686 satisfied customers
My husband aged 65 is in Residential Care. We set up a family
My husband aged 65 is in Residential Care. We set up a family trust in 2002 but the gifting won't be completed for 12 months and so I see our small cash investment diminishing rapidly as I pay for his… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
31,686 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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