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Legal considerations for multi-generation property ownership

November 12th, 2019 Alexandra Morrissey

Legal considerations for multi-generation property ownership

Multi-generational households in NZ increased by 49% from 1996 to 2013.
For parents and adult children who own a house together, a Property Sharing Agreement should be put in place. This will ensure that everyone knows where they stand, and avoid misunderstandings that could lead to conflict down the track.
 
Introducing our new CEO

October 25th, 2019 Gibson Sheat

Introducing our new CEO

Gibson Sheat is delighted to announce the appointment of Cameron Madgwick as its first Chief Executive Officer. Cameron starts with the firm on 29 October 2019
 
Business Owner Conundrum – Considerations of succession and selling

October 24th, 2019 Brett Gould

Business Owner Conundrum – Considerations of succession and selling

National Research Bureau recently recorded that 130,000 businesses will be for sale in the next 10 years. This means business owners need to give the matter of sale or succession due consideration. Some business owners will have a succession plan - other won't...
 
What to know when building a house with a building company

September 13th, 2019 Gibson Sheat

What to know when building a house with a building company

Building a house can be a stressful, expensive and intimidating prospect for both new and experienced customers.  As such, ensuring you are aware of...
 
Overview of the new gun law changes

September 2nd, 2019 Gibson Sheat

Overview of the new gun law changes

Following the Christchurch Terror Attack of 15 March 2019, changes to the gun laws in New Zealand have been made...
 
Sole Trader and Limited Liability Company - liability compared

September 2nd, 2019 Gibson Sheat

Sole Trader and Limited Liability Company - liability compared

A sole trader is a common ownership structure that can be used to operate a small business.  The difference between a sole trader and a limited liability company is that the latter acts as a entirely separate entity...
 
Importance of insurance when buying a home

September 2nd, 2019 Gibson Sheat

Importance of insurance when buying a home

Insurance is absolutely crucial, and when borrowing from lenders to complete a house purchase, it is compulsory.
 
How many directors need to sign?

September 2nd, 2019 Gibson Sheat

How many directors need to sign?

Signing documents that bind a company to obligations and potential liability is a key aspect of being a director of a company...
 
Farm Debt Mediation

Farm Debt Mediation

New Zealand does not have a legislated farm debt mediation programme (FDM). However, there is a Farm Debt Mediation Bill in front of parliament. This article will outline why we need FDM and how the American, Australian, and Canadian experiences can inform our Bill.
 
The challenge of Farm Succession - revisited

August 1st, 2019 Brett Gould

The challenge of Farm Succession - revisited

Back in 2015 I wrote about the challenges of farm succession - it seems nothing is changing, apart from farmers aging...
 
Covert recordings by employees

July 31st, 2019 Mike Gould

Covert recordings by employees

In this age of smartphones, practically everyone has a recording device in their pocket. As an employer, have you ever wondered where you stand with regard to a recording made by an employee without your knowledge?

Topics: Employment
 
Business Sale & Purchase and vulnerable employees

July 29th, 2019 Alexandra Morrissey

Business Sale & Purchase and vulnerable employees

[Photo:CC BY-SA 3.0 Alpha Stock Images, original author: Nick YoungsonOriginal Image]

Who are vulnerable employees? And what extra protection do they have under the Employment Relations Act 2000?
 
Bill Sheat honoured in 2019 Gold Awards

July 29th, 2019 Gibson Sheat

Bill Sheat honoured in 2019 Gold Awards

Former Gibson Sheat partner Bill was received a Wellington Icon Award at the 2019 Wellington Gold Awards on 25 July.
 
Topics: News
 
Rental property standards

May 28th, 2019 Gibson Sheat

Rental property standards

The Residential Tenancies Act 1986 (“the Act”) requires landlords to provide and maintain rental properties in a reasonable state of repair for their tenants. When deciding what is a ‘reasonable state of repair’ one must ...
 
The importance of Wills and Enduring Powers of Attorney

May 28th, 2019 Gibson Sheat

The importance of Wills and Enduring Powers of Attorney

Having enduring powers of attorney (EPAs) and a will in place is important for every adult whatever their age.