Why You Should Have a Will

25 January 2023

As we navigate through life, it’s important to think about the future and plan for the unexpected; one important step in doing this is having a current Will. Below are four reasons why you should have a Will in place:

  1. A Will ensures that your assets are distributed according to your wishes. Your assets can include any property you own, your bank accounts, your Kiwisaver, your vehicles, jewellery, clothing, collections, and more. Passing away without a Will in place is called intestacy, or dying intestate, and New Zealand laws would dictate how your assets are to be distributed. The law takes into account your relationship status and whether you have any children. Not having a Will means your assets may not be distributed in accordance with your wishes.

  2. A Will can help avoid family conflicts and disputes. By eliminating any ambiguity and clearly outlining your wishes in your Will, you can help prevent disagreements and confusion amongst your loved ones about how your assets should be divided and distributed.

  3. A Will is your opportunity to determine who will manage your estate. Without a Will, the law determines who is responsible for managing your estate, which may not be the person you would have chosen. A Will allows you to put this responsibility in the hands of someone you trust; this can be any adult of sound mind and can be a family member, or a professional such as a lawyer.

  4. A Will is your opportunity to express your wishes regarding guardianship of your children. If you have children under the age of 18, it is important that you have a Will that sets out who will be responsible for your children in the event of your death.

It’s important to take the time to consider your options and speak with a lawyer about having a Will which best reflects your wishes. Norris Ward McKinnon is offering a discounted fee for new clients who need a Will. Contact our team to find out more.

Jasmine Muhlmann-Brown is part of our Private Client team at Norris Ward McKinnon.