A will can help protect family and whānau interests by ensuring assets are distributed according to the testator's wishes, including specifying who should be guardians for children, and potentially providing for the needs of family members who may have specific or special financial needs. It also outlines the process for succession, which can be particularly important for Māori land. A will can prevent disputes and ensure that loved ones are cared for as intended.
Here's how a will protects family and whānau:
• Specifying Guardians for Children
A will allows parents to name guardians for their children if they are no longer able to care for them.
This ensures the children's well-being and upbringing are aligned with the parents' wishes.
• Protecting Māori Land Interests
A will can specify who should succeed to Māori land and how many shares each person should receive.
This helps ensure that land is passed down to the intended whānau members according to tikanga (custom).
The Māori Land Court plays a role in ensuring succession follows tikanga.
• Providing for Family Members' Needs
A will can include specific provisions for the financial needs of family members, including spouses, children, and grandchildren.
This helps ensure that family members are adequately supported after the testator's death, especially if they have specific needs or are unable to support themselves.
• Minimising Disputes and Ensuring Intended Outcomes
A will clarifies how assets should be distributed, reducing the potential for disputes among family members.
It ensures that assets are distributed according to the testator's wishes, preventing unintended outcomes.
For more information visit these websites:
Law Society: Making a will and estate administration
