If you pass away and have not executed a valid will, then depending on the value of your assets that you own in your sole name (not assets held jointly with another) your next of kin will need to apply to the High Court pursuant to the Administration Act 1969 for Letters of Administration to deal with your property after your death.
Having a baby brings loads of new responsibilities. One of these is to make sure that in the event of your untimely death, your children are now considered in your will. Equally important is to ensure you have nominated a testamentary guardian.
A Legal Executive is a person who works as a trained assistant to a lawyer in a legal environment and belongs to the New Zealand Institute of Legal Executives. A Registered Legal Executive is one who is registered with the Institute and is a member of the Institute.
We have had a number of clients contact us following a recent newspaper article, concerned that if they die their estate will not be able to get their Kiwisaver.
Purchasing a new home is an excellent time to consider forming a Family Trust. You can form a Trust at any time, but the purchase of a home is a cost-effective time to form a Trust, because the legal and bank requirements can be completed with the purchase of the house.
A Trust is created by Deed which sets out its powers and places obligations and responsibilities on its Trustees.Trusts can provide you with flexibility for the benefit of your family and protecting your assets.