All Topics / General Property / Transferring NZ property into trust – use lawyer?

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  • Profile photo of xxxxxx
    Member
    @xxx
    Join Date: 2004
    Post Count: 31

    G’day all, can anyone please recommend a lawyer or conveyancer in NZ?

    I’ve just set up my NZ trust and want to transfer my 1 and only IP into it. It’s currently in the names of myself and 3 others but i’m buying them out.

    Do people recommend i use a lawyer, or is it pretty straight forward and i can use a conveyancer to save money?

    Is there any advantage to using a local person (Wanganui) or can i use anyone?

    Thanks [biggrin]

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    Hi xxx

    i was talking to a new solicitor today in Dunedin whose rates are the lowest i’ve seen, i haven’t used them but i will in the future.

    email me and i’ll hand over their details
    [email protected]
    regards westan

    I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

    Profile photo of Michael RMichael R
    Member
    @michael-r
    Join Date: 2003
    Post Count: 302

    Always use a lawyer.

    — Michael

    Profile photo of wilandelwilandel
    Member
    @wilandel
    Join Date: 2003
    Post Count: 761

    Hi,

    We have used a NZ Accountant to set up our Trust, not a solicitor. I’m sure they are cheaper than a solicitor.

    I don’t think you could use a conveyancor. They are not trained in such things.

    Also, remember the saying: Pay peanuts, get monkeys (or something like that)!

    Del

    Profile photo of xxxxxx
    Member
    @xxx
    Join Date: 2004
    Post Count: 31

    Thanks for the info. I’ll definitely use a lawyer for the conveyancing so it’s not mucked up.

    Hi Del, I think you misunderstood my question. I’ve already set the trust up (thanks to the good advice i got here [biggrin])

    I now want to transfer the IP into the trust.

    Originally posted by wilandel:

    Hi,

    We have used a NZ Accountant to set up our Trust, not a solicitor. I’m sure they are cheaper than a solicitor.

    I don’t think you could use a conveyancor. They are not trained in such things.

    Also, remember the saying: Pay peanuts, get monkeys (or something like that)!

    Del

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