Which Assets should I transfer into my trust?

 

Auckland Law Firm: Quay Law for your Trust and related legal matters ph: (09) 523-2408

 

 

Assets of any value can be transferred to a Family Trust.

If you are of the opinion that a particular asset needs to be provided with the relevant protection that a Trust can provide then that asset should be transferred into a Trust.

In most situations, you would assess the asset’s value – would this value increase over time.  If this was so then obviously the asset and its capital gain over time are worth protecting.

It is essential that your most important assets are protected.

For expert advice on Trust and Asset Planning please call Auckland Lawyer, Ian Mellett.

The team at Auckland Law Firm, Quay Law are proud of our record and of serving our clients.  We look forward to working with you no matter what your legal requirements may be.

Buying or Selling Property? The Sale and Purchase Agreement.

Quay Law : Property Legal Service when buying, selling, or refinancing

With the arrival of the new plain English Sale and Purchase Agreement form, produced by REINZ, consulting with your Solicitor PRIOR to signing an agreement for a pending property transaction has become vital.  This new property agreement has no case law to support it and could leave you vulnerable.

The existing 8^th Edition Property Sale and Purchase agreement form has been compiled after years of practical learning.

Buying or Selling a property is one of the most important transactions that you will make.  Take care and consult a legal professional before signing the agreement.

For more information on your  property transaction, contact the friendly legal team at Quay Law on (09) 523 2408.

Key requirements under the Migrant Investment Policy

Key requirements under the Migrant Investment Policy Investors and entrepreneurs will find it easier to get residency in New Zealand following the government’s decision to relax business migrant rules.

Please find below a table provided by Immigration New Zealand highlighting the Key Requirements under the Migrant Investment Policy.

The Migrant Investment Policy has two residence sub-categories.

Click for Table showing Key requirements under the Migrant Investment Policy.

For more information regarding your immigration matters, please contact the friendly team at Quay Law.

Legal advice should be sought before setting up a Trust

Level 1, 427 Remuera Road, Auckland Ph (09)5232408

Trusts have become an increasingly popular way of structuring one’s affairs.  It is important for those intending to use a trust to be clear on the legal relationships and obligations involved.

You should obtain legal advice before setting up a trust.

For more information on trusts see our website or contact the friendly Quay Law team.

Enduring Powers of Attorney – Law Change

For more information on Enduring Powers of Attorney, call Ian Mellett of Quay Law Barrister and Solicitor in confidence.

The Enduring Powers of Attorney law change impacts positively on all parties involved:

• The donor making the enduring powers of attorney is better informed.
• The attorney granted the power to act on the donor’s behalf is more accountable.

For more information, please view the Quay Law article on Enduring Powers of Attorney.

Immigration Advisers Licensing Act 2007 – Lawyers

Immigration Advisers Licensing Act 2007 – Lawyers

From 4 May 2009, if you lodge an application with Immigration New Zealand and you are using an unlicensed onshore adviser, INZ will refuse to accept your application. 

 

Who needs a licence?

The Immigration Advisers Licensing Act 2007 requires that anyone providing immigration advice has to be licensed, unless exempt.

Lawyers

A person is exempt if they are a lawyer who holds a current practising certificate as a barrister or as a barrister and solicitor of the High Court of New Zealand.

 As a result, lawyers do not require a license to provide immigration advice. 

 For more information regarding your immigration matters, please contact Ian Mellett at Auckland Law Firm, Quay Law.

Why do you need a Family Trust?

Why do you need a Family Trust?

•  It is part of your wealth creation plan
• It can reduce your tax
• It protects assets from unexpected life events – bankruptcy, divorce, business dealings
• It can provide inheritance protection for your children

 Assets must be in a trust for a period before they are fully protected from asset testing and creditors. 

If you do not have a trust and are considering one, then start the process as soon as your personal circumstances allow for it.

 Ian Mellett, the principal of Quay Law, is professional yet friendly and courteous.  He has considerable experience & expertise in a wide range of Trust and Asset Planning matters  including Family Trusts, Charitable Trusts, Estate Planning, Asset Protection Plans and Structuring, Trust Gifting, Trust Administration, Trustee Advice, Protection of Personal Assets from Business Initiatives, Rest Home Subsidies and Asset Testing.

Talk to you lawyer!

Auckland Law Firm : Quay Law

 

K:        Key – Get your lawyer involved early.

I:         Information.  Be prepared to provide your lawyer with the necessary information / supporting documents in regards to your situation.  Make sure you have all the important documentation on hand.  These can be sent either electronically (fax or email) or via mail to your lawyer’s office.  Ensure all communication with your lawyer is concise and to the point.

S:       Set an estimate of fees.  Do not be afraid to ask questions about billing or request an estimate of costs. 

No doubt, you will have questions after that initial discussion.  Record these and if critical to the outcome of your situation, do not hesitate to contact your lawyer straight away.  If non-critical, make a note to discuss with your lawyer when you next discuss or review your situation with him or her.

Your CV – that all-important personal marketing campaign

When helping potential immigrants, we are often asked about the format of a CV or resume.

Please find below three links to a few of the many sites that could assist you with the creation of that all-important document.

The team at Quay Law hopes that this information is of assistance as you embark on that important personal marketing campaign

http://www2.careers.govt.nz/job_search_cv_format.html

http://www.seek.co.nz/career-resources/?cid=sk:main:nz:tab:tools

http://www2.careers.govt.nz/cv_4_me.html (CV Wizard)

Unable to pay a debt or mortgage?

 

Quay Law, Level 1, 427 Remuera Road, Remuera, Auckland

If you are unable to pay a debt or mortgage.

Talk to your lender and / or bank.

Use professionals such as your lawyer to guide you through the process.

In most cases a solution can be found!