Wills and Estates

/Wills and Estates
12 03, 2022

What happens to property when your spouse dies?

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So you’ve signed a contracting out agreement (“agreement”) (commonly referred to as a “prenup”). What happens if the worst occurs and your partner dies? While the contracting out agreement will still apply, it may be limited. That is, other sections of the Property (Relationships) Act 1976 (“the Act”) may override the agreement. Let’s take a [...]

8 10, 2020

Why you would need a Will now

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As time goes on and we go up in age, our mental capacity will eventually deteriorate. Although may take a longer time for some, it will happen to many people. It is an unfortunate, yet an unavoidable part of life. This is a big reason why it is important to be proactive, and take action [...]

5 03, 2019

Executor Duties and Liabilities in Distribution of Estate Assets

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Registered Valuation of Estate Property Prior to Distribution As executor of an estate, you have a duty to act prudently and reasonably in the sale of any estate property. This includes a duty to obtain the best price you can on a sale of estate assets, for the benefit of the beneficiaries. As a result [...]

26 06, 2011

What happens if you die without a will?

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  If you don’t have a will when you die, your estate will be divided in the way set out in the Administration Act.  As a result, your property may not go to the people or charities that you would have wanted to benefit from your estate. Any property you own jointly with another person [...]

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