Do you have a will?

Most of us prefer not to think about our deaths but the reality is that it comes to all of us sooner or later.

But in New Zealand a whopping 75% of the under-35s don’t have a will. This means that should they die, their families will have to jump through legal hoops to sort out their affairs.

There are many reasons why people don’t have a will. They think it will be expensive (it’s not), that it will take up too much time to organise (it won’t) or that they don’t have anything much to leave to anyone. But in fact anyone who is in Kiwisaver or who owns a house is very likely to have a nest egg that should go to their family. At the very least they have an investment. If that investment is worth more than $15,000 their family will have to apply to the courts to get the money released. This can be highly upsetting at a time of grief.

The court has the power to make all decisions regarding a deceased person’s belongings, assets and money. They can even decide who will look after the children. Most people, when they give it some thought, realise they do not want to put their family members through this.

Wills are inexpensive and can be done online (there are many sites to choose from). Some lawyers do wills free of charge for their clients. But if your estate is complex or you want to understand your position before dealing with a lawyer, then talk with me first. It always helps to have an objective ear when dealing with family financial matters, and that’s exactly what we are here for. Call us today for a confidential chat.

Source: TVNZ

© KEPA 2015

 

Tags:

Insurance Company
Insurance Company
Insurance Company
Insurance Company
Insurance Company
Insurance Company
Insurance Company
Insurance Company
Insurance Company
Insurance Company