Time for a Property Portfolio Health Check?
While the country remains at COVID-19 Alert Level 4, you may be considering the need for a new will.
When is a trust not a trust?
A recent decision of the High Court of England and Wales has wide reaching implications for New Zealand trust law and the Property (Relationships) Act 1976.
What if your parents die broke?
What happens when your parents die broke? Can you inherit their debt?
Is your loved one mentally capable?
What does it mean to have ‘mental capacity’ when it comes to signing a will or an important legal document? This has recently become a hot topic, with new case law shining some much-needed light on the subject. It’s also something that families need to be aware of as their loved ones age.
Trustees’ liability for litigation costs
Trustees and executors are not always entitled to reimbursement for their litigation costs...
When Grandma comes to live with us...
As parents age, their children often find they need to take an increasing role in looking after them...
Option A or Option B?
When your spouse or partner dies you will need to make a very important decision between your entitlements under their will and potential claims against their estate...
Blended families: Wills and Trusts
Making sure everyone you care about gets a fair share of your property after you die is an issue most of us grapple with. This may also have additional complications when you have a blended family. It’s not always as easy as just writing your Will and specifying who gets what... >
Ageing trustees
No one should want to be trustee for life. It’s useful for trustees to think about a succession plan: which trustees should we expect to retire or be replaced and who are the likely replacement trustees?...>
Retiring as a trustee?
Many people agree to act as trustees of trusts set up by friends or relatives on the basis that they wish to help out or assist their friend or relative in some way. Eventually it comes time to retire...>
Trusts Bill
The long-awaited Trusts Bill was introduced to Parliament on 1 August 2017. The bill is an update to existing trust law and deals with practical issues that have faced lawyers and trustees for some years. We outline some of the most important parts of the Bill...>
Relationship property: the Clayton case
The implications of the Clayton case a year on - has it really exposed trusts in relationship property situations? >
Enduring powers of attorney sort out
Having an Enduring Power of Attorney (EPA) is as vital as making sure you have a Will. Whether you’re 18 or 80 years old, you never know when you may need to have a responsible person to make decisions on your behalf. >
Looking after your inheritance
For many people a gift by Will (also known as a legacy) from a relative or friend can be very significant – both personally and financially. The relative or friend wants to show you kindness but also usually wants the gift to be of real benefit to you personally. You need to keep it protected. >
Trusts Bill - some key proposals
In late 2013, the Law Commission completed a report recommending that a new Trusts Act replace the Trustee Act 1956. It is intended that the new legislation will be the primary source of trust law in New Zealand. We outline below some key proposals. >
Will your business survive if you don’t?
Most owners want to ensure their business will continue after they have died. However, there is a lot more planning that you should do other than just having an updated Will and Enduring Powers of Attorney. >
Get your wills and EPAs in order
You work hard to build up your assets over your lifetime, so you should decide what happens to them if you become incapacitated and when you die. Make sure you have a Will and EPAs. >
Foreign trusts: tightening up the rules
Foreign trusts have been in the news recently. The government has now introduced legislation to tighten up the rules. But what are foreign trusts and is this important to you? >
Trusts under attack
Trusts can sometimes be used to protect assets from future claims by a former spouse or de facto partner. Trustees need to be cautious... >
Beneficiaries' and trust information
The extent of a trustee’s obligation to provide information to beneficiaries has been a continuing source of frustration for trustees, particularly those whose discretionary decisions may be challenged. Recently the Court of Appeal clarified the nature and extent of this ... >