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The Will and Testament law in Wellington, New Zealand allow individuals to legally stipulate how their property and assets are distributed following their death. Wills have to be in written form and should be signed and witnessed according to specific guidelines. If a person dies without a will, their estate will be distributed according to the Administration Act, which may not align with their desired intentions. A well-drafted will can provide peace of mind, financial security for loved ones, and can minimise any potential inheritance disputes.
Although it's possible to create a will on your own, hiring an experienced lawyer is often recommended to avoid potential issues. Complex circumstances such as owning a business, having significant assets, previous marriages, and children might require professional help. A lawyer can ensure all legal requirements are met, provide advice on various aspects like taxes, and help you understand all potential outcomes. Additionally, if you suspect a will is being mismanaged or violated, legal assistance can guide you through the process of contesting it.
In Wellington, New Zealand, your will must be written, and signed by you and witnessed by at least two people who are not beneficiaries. An executor of the will, someone who you appoint to carry out the administration of the estate, must also be named. If you die without a will (known as dying intestate), the Administration Act 1969 determines how your assets are distributed, which may not reflect your wishes.
If you die without a will, the Administration Act dictates the distribution of your estate. This often starts with spouse or civil partner and children, and then extends further if necessary.
Absolutely! You can make amendments to your will at any time, but it’s important that changes are made correctly and with the same formalities of the original will to be effective. A solicitor can help with this.
An executor should be someone you trust and who is capable of handling the responsibility. This can be a family member, friend, or legal professional.
Generally yes, but there are cases like Family Protection Act where family members can claim for provision from your estate if they believe they were inadequately provided for.
This should be discussed with a solicitor. Some assets might be subject to the laws of the country they're located in.
The New Zealand Law Society provides free guides, articles, and resources about wills and trusts. The Citizens Advice Bureau also gives impartial advice, which includes the legal aspects of will-making and estate administration.
If you need legal assistance in creating a will, start by researching reputable law firms in Wellington that specialize in wills and estates. Arrange a consultation to discuss your specific needs and circumstances. Be prepared to provide information about your assets, obligations, and wishes for the distribution of your estate. Don’t forget to ask about the legal costs upfront to avoid any surprises down the track.
