Your executor needs to be an adult (20 years or older) and of sound mind. It's important to choose someone you trust and has some understanding of financial matters. It is recommended to ask your executor if they are willing to take on that responsibility before appointing them. Most people appoint their spouse/partner in the first instance and then their children if they are unable.
Yes which means you can appoint your spouse or children even though they may be beneficiaries (receiving money/assets) of your Will.
An executor administers your estate. They are responsible for bringing in all the assets of the estate, paying all the debts and then distributing the estate in accordance with your Will.
An executor doesn't get paid for the work they do as an executor (unless your Will stipulates that). When the executor is a friend who is not a beneficiary of the Will, some people give a small gift of money as a thank you for their hard work.
A back-up Executor will take over responsibility for administering your estate if your first Executor(s) are unable or unwilling.
Yes, which means you can appoint your children as back-up Executor even though they may be beneficiaries (receiving money/assets) of your Will.
A guardian will be responsible for your children's day to day care. It is worth noting that the guardian will not be legally authorised without a court order. However, it is still good to appoint a guardian in your Will so the court knows your wishes.
The guardian must be an adult (over 20 years) and of sound mind.
If you would like to leave funds to cover your pet's expenses, you may wish to leave a gift to your pet's care-taker.
You can't give away:
After 3 years, your spouse or de facto partner is entitled to ½ share of your relationship property. If you leave your spouse or de facto partner less than ½ your assets then they could bring a relationship property claim against your estate.
An interest in Maori land can be left to:
Only if your first choice dies before you. Where can I find a charity's registration number? If the charity is a registered charity then you will usually find this number on their promotional material or search for it on the Charities Services Register. If you have trouble finding it, we suggest giving the charity a call. The charity's registration number is very important to ensure your gift goes to the right charity.
If the charity is a registered charity then you will usually find this number on their promotional material or search for it on the Charities Services Register. If you have trouble finding it, we suggest giving the charity a call. The charity's registration number is very important to ensure your gift goes to the right charity.
After 3 years, your spouse or de facto partner is entitled to ½ share of your relationship property. If you leave your spouse or de facto partner less than ½ your assets then they could bring a relationship property claim against your estate. If you want to leave less then 50% to your spouse or de facto partner, you may wish to consider whether a Pre-Nup is right for you.
Only if your first choice dies before you.
If you have chosen your child as your first choice and they die before you, then their children will receive the share that their parent would have otherwise taken in equal shares. If your first choice is not your child and they die before you, then their share will go to the other beneficiaries proportionately.
Your Executor(s) will hold the property on trust until the person reaches the chosen age.
Your will has been generated. Please pay the fee listed below to download the will in PDF format. Once you click the "Pay Now" button, you will be taken to the secure transaction page where you could pay via your PayPal or Debit/Credit Card.
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