• Private Wealth

May 26, 2023

Everyone needs a Will

When was the last time you thought about your Will?

Everyone needs a Will. A Will is the only way to ensure that your wishes are respected when you’re gone and your assets are distributed in accordance with your instructions. Without a Will you lose the power to decide what happens and the law decides how your estate is distributed. People who you may not want to benefit may receive some or all of your assets.

Why you need to have an up-to-date Will.

  • Ensure the assets you’ve worked hard to acquire go to the people you want
  • Choose a Guardian for your children (or for your pets)
  • Instructions for your funeral and burial or cremation directions
  • A valid Will leads to faster estate administration and therefore less stress for your loved ones

Anyone with assets and loved ones know they need a Will. But it’s often last on the list or falls into the too hard basket. That’s because it can be a challenge knowing where to start. Thankfully you’re in the right place.

At Trustees Executors Private Wealth we offer both online Wills and tailored Wills. A tailored Will involves meeting with one of our estate planning specialists to work out exactly what you need to consider for your circumstances. Our tailored Wills fall into three categories: 

  • Standard
  • Comprehensive
  • Complex

As an example, a Standard Will involves a straightforward distribution of your assets. This is when all of your estate passes equally to your immediate family. Each of our tailored Wills attract a fee, based on your specific situation and complexity of needs.

Is creating an online Will right for you?

Best suited to those with simple instructions, you can create your Will from the comfort of home. An online Will is completed without specialist consultation with one of our team of experts, so if your situation is straight forward, such as you wish to leave your estate to one special person, or equally between many people, you can use our Online Will System. If you’re unsure if an online Will is right for your circumstances give us a call to discuss if it covers exactly what you need it to.

Find out more about Online Wills here.

When should you review your Will?

You should review your Will whenever your personal circumstances or wishes change. For example:

  • You change your relationship or financial situation
  • You have children or grandchildren
  • You want to change your beneficiaries
  • You have bought a major asset such as a house

If changes in your life mean you need to make further updates, it's easy to contact us to make the necessary changes. We provide continuity so you and your family can have peace of mind that we will always be here when you need us.

We’re here to help

If you need to make changes to your current Will, or would like to know whether you need an online or tailored Will, make an appointment with one of our experienced Trust Managers today.

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About Trustees Executors

Trustees Executors Limited was established in 1881 and is New Zealand’s first Trustee Company.
We provide a full range of financial and trust solutions to individuals, families and the corporate sector including estate planning, trustee and investment advisory services.
We are a Licensed Financial Markets Supervisor and a leading provider of specialist Corporate Trustee and back office fund administration services to some of New Zealand’s largest financial institutions, banks and fund managers. 

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