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Wills - What does having a Will mean and what happens when people die without one?

December 13th, 2018 Gibson Sheat

Wills - What does having a Will mean and what happens when people die without one?

A will is a legal document that records how you want your property and care for your dependants managed after you die.  It is arguably the most important document you will ever sign.
 
I've been named an Executor of a Will, what do I do now?

March 6th, 2018 Gibson Sheat

I've been named an Executor of a Will, what do I do now?

This article explain what it means to be named an executor in a person's will, and what responsibilities you take on as executor...
 
The Importance of a current Will

January 1st, 2018 Gibson Sheat

The Importance of a current Will

The High Court case of Rauch & Ors v Maguire & Anor [2010] 2 NZLR 845 highlights two interesting distinctions. Firstly, the distinction between ownership of property as 'joint tenants' and ownership as 'tenants in common'. Secondly, the distinction between the duties of disclosure owed to beneficiaries by 'Executors' and by 'Trustees' of a deceased person's estate.
 
Wills and property ownership

October 1st, 2017 Gibson Sheat

Wills and property ownership

The way in which a property is owned - as 'joint tenants' or as 'tenants in common' can have a significant impact on the value of an estate. It is vital this is taken into consideration in estate planning.
 
 
Where there's a Will, there's a way

September 11th, 2017 Gibson Sheat

Where there's a Will, there's a way

If there's no Will, it is possible for the ex-spouse of a deceased person to apply to be Administrator of their estate and even to receive the entire estate if the marriage was never dissolved. Don't let this happen to you or a loved one!
 
Weddings and Wills

January 1st, 2017 Gibson Sheat

Weddings and Wills

Death and Wills! These are generally not topics typically associated with each other. However, when planning a wedding, it is wise to consider documents such as Wills and Contracting Out Agreements (commonly known as “pre-Nups”) as marriage imposes significant obligations in relation to property division and the allocation of assets.