Our lawyers recommend that you review your Will regularly. Yet the time when you are about to purchase or sell an major asset can be considered an appropriate time to review this important legal document.
The legalities and Your Will
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.
The Approachable Property Conveyancer. Consider your Will when purchasing or selling property. The approachable property lawyers at Quay Law NZ offers a complete range of trusts, family trusts, wills and estate planning, property law and conveyancing services for all of your residential and commercial property transactions. For more information or discuss your unique situation with a lawyer, please contact our team on (09) 5232408.