Wills & Estates in New Zealand

The Wills & Estates practice area is all about helping people plan for what happens to their belongings and money after they pass away. In New Zealand, this is an important part of ensuring that your wishes are followed and that your loved ones are taken care of.

What is a Will?

A will is a legal document that states how you want your property and money to be distributed when you die. For example, you might want to leave your house to your children or your savings to a charity. Writing a will helps avoid confusion and disputes among family members.

Why is it Important?

Having a will is crucial because, without one, the law decides how your assets are shared. This might not reflect your wishes. For instance, if you have children, the law may not automatically give them everything you wanted them to have.

What is an Estate?

Your estate includes everything you own, such as your home, car, bank accounts, and personal belongings. When someone passes away, their estate needs to be managed and distributed according to their will or, if there is no will, according to New Zealand law.

Probate

Probate is the legal process of proving that a will is valid. This process ensures that the deceased person's wishes are carried out. For example, if someone leaves a will stating that their house should go to their sibling, the probate process helps make that happen legally.

Trusts

Sometimes, people set up trusts as part of their estate planning. A trust is a way to manage your assets while you are alive and after you pass away. For example, you might set up a trust to provide for your children until they reach a certain age.

Getting Help

It’s a good idea to seek legal advice when creating a will or managing an estate. Lawyers who specialise in Wills & Estates can guide you through the process, ensuring everything is done correctly and according to New Zealand law.

Conclusion

In summary, the Wills & Estates practice area is essential for anyone wanting to ensure their wishes are respected after they pass away. By planning ahead, you can provide peace of mind for yourself and your loved ones.