Your Last Will and Testatment
Time to review your Will?
We recommend that you review your Will regularly. By way of example. Some wills include specific bequests to particular heirs e.g. my house (address) to “A” and my shares (company name) to “B”. Do you still own that house at that address and those shares in that company?
The legalities
Your Will is an important legal document - a document that ensures that your assets are bequeathed to those persons or entities you wish to benefit from your estate. It is essential that everyone over the age of 18 years should have a Will.
A person must be at least 16 years of age to get married. If either party is 16 or 17 years old, then they must obtain parental or guardian consent to enter into a marriage. And any person who has been married or is currently married should have a Will.
If you die without a will (intestate), legislation determines who gets your assets. These may be divided differently to the way you would have wished, and the process may also take longer and be more expensive for the loved ones you leave behind.
As a general rule, it is good practice to review your Will on a regular basis. Life takes its course and circumstances change. A regular review will ensure your Will is up to date and written for your current situation.
For further legal advice regarding the drafting or reviewing of your Will, please contact a lawyer at Quay Law.
Property Law NZ
We recommend that you review your Will regularly. By way of example. Some wills include specific bequests to particular heirs e.g. my house (address) to “A” and my shares (company name) to “B”. Do you still own that house at that address and those shares in that company?
The legalities
Your Will is an important legal document - a document that ensures that your assets are bequeathed to those persons or entities you wish to benefit from your estate. It is essential that everyone over the age of 18 years should have a Will.
A person must be at least 16 years of age to get married. If either party is 16 or 17 years old, then they must obtain parental or guardian consent to enter into a marriage. And any person who has been married or is currently married should have a Will.
If you die without a will (intestate), legislation determines who gets your assets. These may be divided differently to the way you would have wished, and the process may also take longer and be more expensive for the loved ones you leave behind.
As a general rule, it is good practice to review your Will on a regular basis. Life takes its course and circumstances change. A regular review will ensure your Will is up to date and written for your current situation.
For further legal advice regarding the drafting or reviewing of your Will, please contact a lawyer at Quay Law.
Property Law NZ
