A Will, also called a testament, is a legal document in writing signed by you and two witnesses, where you make decisions about your estate after you die. According to the Public Trust, only 50% of New Zealand adults have a Will. Dying without one means that your estate will be distributed solely according to intestacy law and not according to your wishes.
Here are some of the most important reasons to have a Will:
While you can draft your own Will, home made wills are often challenged and not completed as per the New Zealand High Court’s requirements. As such, they may raise difficulties and extra cost when probate is sought after you have passed. It is advisable to get a help of a lawyer experienced in Wills to draft your Will for you to ensure that it is legally valid and that you get all the related advice regarding your wishes.
Having your Will drafted, and keeping it updated when events in your life change your circumstances, will give your loved ones an easy map to follow after you pass. If you would like to talk to one of our friendly experts, please contact us.