The agreements entered into by home buyers when purchasing their first property can take a variety of forms. Very often, the complexities behind the financial and other arrangements are over-looked with real potential for unseen consequences arising later. This On Demand seminar considers some of the options available to first home buyers (including the possible use of trusts) and provides insights into some of the issues that may become apparent only later. It will also cover the conflicts of interest that can arise when advising clients, and the relationship property concerns that need to be dealt with from the start.
- Learn more about the options available to first-time home buyers including loans or gifts from parents and buying together with friends as well as what agreements will be needed to safe guard interests in each case.
- Understand better the way trusts can be used, either as a source of funds or as a vehicle of ownership to overcome the difficulties facing first-time buyers.
- Gain insights into the potential for conflicts of interest that exist when advising the parties involved, the care that needs to be taken in respect of relationship property issues and how it is necessary to balance the interests of all children when parents provide assistance.
Who should view?
All property, trust and family lawyers as well as general practitioners who deal with work of this nature from time to time.
Bryce, Morrison Kent partner and AoG Service’s Property contact, has 25+ years’ experience documenting complex rural and urban subdivisions, leases, sales, purchases and foreign investments. Bryce consulted with government on the new Unit Titles Act, proposed new Land Transfer Act and LINZ Conveyancing 2020.
Davenports Harbour Lawyers
Tammy is the sole director at Davenports Harbour and leads their Trust Team. She is a trust and asset structuring specialist with 18 years legal experience specialising in the areas of personal trust law, asset planning and Property (Relationships) Act. She advises clients on a broad range of issues involving the duties of trustees and the management and administration of trust funds, the structuring, establishment and review of asset plans and the interpretation of trust deeds. Tammy is a past president of the Auckland Woman Lawyers’ Association and is a current co-convenor of the NZICA Trust Special Interest Group.
Stephanie graduated from Auckland University in 1999 and has always practised in family law. Prior to relocating to the Waikato in 2013 and joining Tompkins Wake, Stephanie was a solicitor at Brookfields and Simpson Grierson Lawyers in Auckland. She specialises in family, matrimonial and trust law, particularly in the areas of relationship property disputes and claims against estates and trusts. Stephanie has extensive litigation experience and has presented a number of seminars.