Wills & Estates Practice Area in New Zealand
The Wills & Estates practice area focuses on helping people plan for what happens to their belongings and money after they pass away. This is especially important in New Zealand, where having a clear will can make things easier for your family and friends during a difficult time.
What is a Will?
A will is a legal document that states how you want your possessions, such as your house, car, and savings, to be distributed after you die. It can also name guardians for your children. For example, if you have a young child, you might want to name a trusted friend or family member to take care of them if something happens to you.
Why is a Will Important?
Without a will, New Zealand law decides how your belongings are shared, which may not reflect your wishes. This can lead to disputes among family members. For instance, if you wanted your best friend to have your guitar, but you didn’t write it in a will, the law might not allow that.
How to Create a Will
Creating a will in New Zealand is straightforward. You can write it yourself, but it’s often best to get help from a lawyer who specialises in wills. They can ensure that your will meets all legal requirements and truly reflects your wishes. For example, a lawyer can help you understand how to divide your assets fairly among your loved ones.
Updating Your Will
It’s important to update your will whenever your circumstances change, such as after a marriage, divorce, or the birth of a child. For example, if you get married, you might want to include your spouse in your will or change how your assets are divided.
What Happens After You Pass Away?
When someone dies, their will is usually read to the family. The executor, a person named in the will, is responsible for carrying out your wishes. They will manage your estate, pay any debts, and distribute your belongings according to your will. For instance, if you left your house to your children, the executor will ensure that they receive it.
Conclusion
In summary, the Wills & Estates practice area in New Zealand is all about helping you plan for the future. By creating a will, you can ensure that your wishes are respected and that your loved ones are taken care of after you’re gone. It’s a thoughtful step that can bring peace of mind to you and your family.