A will is important in New Zealand law because it allows you to specify how you want your assets distributed after you die.
Avoids confusion and conflict
Without a will, the law determines who receives your assets, which can lead to confusion and conflict among your family.
Protects your loved ones
A will ensures that your loved ones and dependents are looked after when you pass away.
Testamentary guardian for children
You can name in your will the person who will care for your child if you die.
Helps with administration
A will can make the administration of assets less costly, more straightforward and quicker.
Leaves a legacy
A will can help you leave a legacy for your loved ones to remember you by.
A will must be in writing, signed by you, and witnessed by two people who are at least 20 years old. The witnesses cannot be beneficiaries under the will, nor can their partners or spouses.
You can include many things in your will, such as:
- Gifts to individuals, charities, schools, or groups
- Guardians for dependent children
- Instructions for payments of debts
- Funeral and burial/cremation instructions
- Appointment of executors to carry out the instructions