Wills
Wills
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Wills
No one likes to dwell on their own mortality, which is why wills are an often-overlooked part of life.
In reality, your will is when you get to have your final say, so it’s important to get it right. If you pass with no will, your loved ones are left with more questions than answers and forced to engage in time-consuming discussions and often expensive legal manoeuvring.
And all that when they are still in mourning.
Andrew is passionate about making sure everyone has a will in place, so their last wishes are recorded. He has decades of experience writing wills and knows all the important details that need to be covered, even those you won’t have thought of.
We keep our prices affordable so that cost isn’t a barrier to getting your will sorted.
What happens when your loved one dies without a will?
When someone passes away and hasn’t left a will, it’s called an intestacy, or dying intestate.
If the person has no real estate or their assets do not exceed more than $15,000 from each institution (e.g. savings, shares, Kiwisaver), their estate is considered a small estate and can be managed and distributed by their next of kin.
If the person has more than $15,000 worth of assets or owns property, then formal administration of the estate is required by law and certain processes must be followed for managing and distributing the person’s estate.
The process for managing someone’s estate when there is no will is longer and more complex than if there was a will. Save your loved ones’ stress by making your will today.
Top 5 tips for wills
1. When you get married, the will you wrote before marriage is no longer valid.
2. If you die without a will, all your assets do not automatically go to your partner.
3. If you die without a will, the government will use a formula to divide up your assets.
4. The last will you signed – even if it’s out of date – will be the one used if you die.
5. Wills are not just about what you leave to people – they can also identify the person you want to look after our children
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