Published 9th April 2019 by Sarah White, Malley & Co
For better, for worse?
The law governing the division of property when a relationship ends is, after more than 40 years, set to change following the Law Commission’s comprehensive review of the Property (Relationships) Act 1976 (the PRA).
The Law Commission has identified changes that it believes should be made to ensure the regime better reflects the reasonable expectations of New Zealanders. We set out some of the proposals that may be relevant to you or your family.
Published 25th February 2019 by Colette Mackenzie, Greg Kelly Law Ltd
Helping your children – with care
Contributions by family members to the purchase of a property and how this is recorded can affect property ownership. We discuss how you can help your children and, at the same time, lessen the risks to you as parents.
New Zealand houses have never been more unaffordable: in the 1950s to 1980s a house cost two to three times the average household income. In the 1990s it was four times the average, and by the 2000s it was up to six times the average household income. When you add in the fact that households are now far more likely to have two incomes (compared with the single income norm of the 1950s), housing looks even less affordable.
Published 30th November 2018 by Alice Dombroski, Thomson Wilson
New Zealanders need to find time to sit down and make sure they have a will. We all know this is important but how many of us don’t get around to...
Published 5th October 2018 by Colette Mackenzie, Greg Kelly Law Ltd
If you have a family trust set up a number of years ago, it’s good practice to review it to ensure it is still ‘fit for purpose’.
Published 5th October 2018 by Chris Kelly, Greg Kelly Law Ltd
It has been estimated that there are between 300,000-500,000 trusts in this country. Trusts have been established for many different reasons, including estate planning, creditor protection, to ensure access to...
Published 5th October 2018 by Kimberly Lawrence, Greg Kelly Law Ltd
For wills to be valid they must comply with a number of legal formalities; they must be in writing and there must be two witnesses who must attest to the...
Published 2nd July 2018 by Claudia Leathart, Duncan King Law
What does it mean to have ‘mental capacity’ when it comes to signing a will or an important legal document? This has recently become a hot topic, with new case...
Published 2nd July 2018 by Angela Stafford, Wain & Naysmith
Inherited debt? What if your parents die broke?
Published 27th November 2017 by Kate Melville , Gawith Burridge
Can it be fair for everyone?