Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Find out how Trustees Executors can help you, whether you are looking for funding from one of the charitable trusts we administer, or are looking to establish a legacy of your own.
We all want a secure financial future for ourselves and those we care about and where you turn for advice is one of the most important decisions you’ll make. Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Knowing you have taken the right steps to ensure your loved ones are cared for after you're gone is what estate planning is all about.
Talk with one of our Private Wealth experts who will work alongside you to help you make the most of our services.
There are many ways to grow and protect your wealth, and our skill is to help you understand your choices and create and implement a personal wealth strategy to suit your needs. It all starts with a plan.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
Expertise you need, service you deserve. As your trusted and independent licensed supervisor, we deliver our regulatory leadership through collaborative partnerships that protect the interests of your investors.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
Jun 30, 2021
Dying without a Will
About 1,500 New Zealanders die each year without a Will. This is called dying intestate, meaning that your estate will be distributed according to the law, rather than the deceased’s personal wishes. This isn’t as simple as giving everything to the next of kin, however.
Without a Will, your estate will be divided between multiple entitled parties, depending on whether you are married or in a relationship, and whether you have living children, parents, or other blood relatives.
How an estate is legally divided
The rules for how an estate is divided when there is no Will are laid out in Section 77 of the Administration Act 1969.
These are the most common situations, but it can get much more complex with issues such as blended families or other dependents. For example, if you have no family to receive the estate, it will go to the state. Anyone else who might have reasonably expected to benefit would then need to apply to the New Zealand Treasury for recourse.
Making sure that your affairs are in order
Intestacy can be a financial headache for your loved ones, but it can also mean that your other wishes won’t be known or legally respected. A Will isn’t only about passing on your estate. It’s also about communicating your personal wishes and ensuring that your interests are protected. That means clarifying issues such as how you’d like to be laid to rest, appointing an executor, and naming guardians for any dependants.
Because of this, it’s incredibly important to not only write a Will, but to work with a professional to do so. They can ensure that your Will is written properly and legally covers all of your bases. More importantly, a professional can provide the expertise needed to ensure that your Will is valid at all.
Many people aren’t aware, for example, that a Will is revoked upon marriage unless it’s made in contemplation of marriage. It is not, however, revoked upon separation or divorce. This can lead to problems where an outdated Will is enforced against the deceased’s more recent wishes, or an invalidated Will leads an estate to be distributed in accordance with intestacy rules.
Ultimately, a Will is a means by which we can ensure that our last wishes are carried out without forcing loved ones to make difficult guesses and decisions themselves. This helps to head off potential family conflict and speeds up the process of passing on your estate while avoiding potentially costly court proceedings.
If you’d like to learn more about how we can help you write your Will to ensure that your loved ones are taken care of, no matter what happens, please contact us today.
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.
Copyright © 2024 Trustees Executors Limited – All Rights Reserved. No information or material can be copied or distributed without our express permission.