John and Pamela decide to down size, and sell their Taylor Street home with a long settlement to give them time to find a new home. They find a lovely new home on Samuel Street a few weeks later, but the vendor wants a quick settlement. John and Pamela talk to their bank and are able to arrange bridging finance to enable them to purchase it immediately.
Read MoreBuyers beware
/
Sam and Wendy sign up to purchase a new home on 2 October 2015. They agree to a quick settlement in 2 weeks time. They nominate their family trust to complete the purchase. When Sam and Wendy contact their solicitor, they are advised that they will need to urgently apply to the IRD for an IRD number...
Read MoreNew traps for buyers & sellers of residential property→
/
Bonnie and Clyde purchase a tenanted apartment as an investment property. They sign up the agreement on 20 October 2015, paying $300,000, and settle the purchase on 20 November 2015. Seven months later they are offered $350,000 for the apartment and decide it is a great opportunity to make a quick capital gain...
Read MoreThe wisdom of putting enduring powers of attorney in place early→
/
Jim and Betty were an energetic retired couple enjoying their golden years. They had good health and enough money to enjoy holidays and interesting outings together. They loved to spend time with their adult children and their little grandchildren...
Read MoreStaying up-to-date with your Family Trust→
/
Don and Debbie signed up to buy their dream home. Taking the advice of their lawyers, they formed a family trust and were named as trustees. They asked their old family friend Doug to act as their independent trustee. They signed the paperwork, moved in on settlement day, and lived happily ever after, forgetting all about their family trust…
Read More