Purchasers are excited about moving into their new property. There is an expectation that the vendors will leave the property clean and tidy and will remove all their belongings and rubbish. Unfortunately, this is not always the case.
Succession law governs how property passes from one individual to another on death and who has rights to that property. Regardless of how a person chooses to leave their estate in their Will, the law recognises the rights of certain individuals to entitlement under legislation.
So what does happen to your assets if you haven’t spelled out what you would like to happen?
Ever wondered what Anti-Money Laundering and Counter Financing Terrorism actually is? We break it down for you right here.
If you're not a fan of dealing with finance, then don't! A mortgage broker’s role is to help you arrange finance that meets your particular needs in a personalised, unbiased manner. Let them do the grunt work for you!
The last few years have been a stark reminder that nothing is certain in life. Covid-19 has thrown businesses, homes and incomes into disarray for many of us and the financial strain is real.
When it comes to discussing your property with your legal advisor they may well mention Easements. But what do they mean?
Approximately half of people that die in New Zealand do not have a Will. A will is a document to record how a person wishes for their property to be distributed when they pass away. If a will maker has young children it is also a way to appoint a guardian to be responsible for making decisions in respect of those children until they reach the age of majority.
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