Have you changed your will?
#1
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Location: waikanae
Posts: 124
Have you changed your will?
Ours is still with the original solicitor in Kent. Our executors are in Kent.
Now it's 5 years on & I think it's time to do an update.
No children to consider so it's just the pair of us.
We weren't offered or aware at the time of buying our house that a will service is generally available to coincide with the purchase.
Things have changed a lot for us & this is home through & through. The details of legacy are England based but we think it's time to change all that & make it New Zealand.
Can anyone give me some guidance on this please?
Oh, we do have a copy of the original btw.
Now it's 5 years on & I think it's time to do an update.
No children to consider so it's just the pair of us.
We weren't offered or aware at the time of buying our house that a will service is generally available to coincide with the purchase.
Things have changed a lot for us & this is home through & through. The details of legacy are England based but we think it's time to change all that & make it New Zealand.
Can anyone give me some guidance on this please?
Oh, we do have a copy of the original btw.
#2
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Re: Have you changed your will?
Not sure I can give you any guidance. We are in a similar position & recent events in the UK has made us determined that OH's family are not going to get their mucky mits on anything of ours .
I have a friend who's a solicitor & she's going to do them for us. Ours will be fairly simple as 1) we haven't got a lot to leave & 2) we've no children.
Not sure who to have as executors here though (other than the solicitor herself).
I'm sure you are aware that your wills from the UK have no legal standing in NZ.
I have a friend who's a solicitor & she's going to do them for us. Ours will be fairly simple as 1) we haven't got a lot to leave & 2) we've no children.
Not sure who to have as executors here though (other than the solicitor herself).
I'm sure you are aware that your wills from the UK have no legal standing in NZ.
#3
Re: Have you changed your will?
We have been slack and certainly need to redo ours. Having a solicitor as an executor is a way to go IMO.
#4
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Re: Have you changed your will?
Thank you both for the replies.
V - I think (someone might put me right on this) but british wills can have a type of nz codocil added to make them legal.
We'll be looking to have a complete rethink though. I'll ask at specific solicitors then. BTW, I also don't want the rellies getting their hands on it.
Bev - My concern with having a solicitor as an executor is the risk of finger dipping (oh their costs I mean) to administer the will. We won't be around to ensure fair play. I suppose I could haunt them remorselessly if it does happen though.
V - I think (someone might put me right on this) but british wills can have a type of nz codocil added to make them legal.
We'll be looking to have a complete rethink though. I'll ask at specific solicitors then. BTW, I also don't want the rellies getting their hands on it.
Bev - My concern with having a solicitor as an executor is the risk of finger dipping (oh their costs I mean) to administer the will. We won't be around to ensure fair play. I suppose I could haunt them remorselessly if it does happen though.
#5
Re: Have you changed your will?
I know what you mean. We also both have family issues and would prefer anything we do have to leave to go to good causes and also to people those have cared about us as we care for them. For that read - not immediate family or offspring thereof.
It's very hard to find someone with no vested interest and completely independent without there being substantial charges . My Dad used a solicitor when he made his will years ago, at my insistence but that chap had retired when it came to administering my Dad's will so another solicitor was executor . I'll take back what I wrote about using a solicitor as executor though as that;s not ideal either I can say from personal experience. The probate officer at the UK solicitor office did most of the work ref my Dad's will but I came to realise ,later on , that she knew of my sister through other connections mutual acquaintances . It went a long way to explain a feeling of 'attitude' I got at the time and was not good, I can tell you.
It's very hard to find someone with no vested interest and completely independent without there being substantial charges . My Dad used a solicitor when he made his will years ago, at my insistence but that chap had retired when it came to administering my Dad's will so another solicitor was executor . I'll take back what I wrote about using a solicitor as executor though as that;s not ideal either I can say from personal experience. The probate officer at the UK solicitor office did most of the work ref my Dad's will but I came to realise ,later on , that she knew of my sister through other connections mutual acquaintances . It went a long way to explain a feeling of 'attitude' I got at the time and was not good, I can tell you.
#6
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Joined: Jun 2008
Location: Rural Taranaki
Posts: 320
Re: Have you changed your will?
You should look into the will drafting service offered by the Public Trust.
http://www.publictrust.co.nz/life-ev...is-a-will.html
They will draw up your will free of charge in return for being appointed executor when the last survivor dies. We found them very efficient and helpful.
http://www.publictrust.co.nz/life-ev...is-a-will.html
They will draw up your will free of charge in return for being appointed executor when the last survivor dies. We found them very efficient and helpful.
Last edited by NakiMan; Apr 26th 2012 at 2:52 am.
#7
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Re: Have you changed your will?
Yes I'm aware of Public Trust & wouldn't touch them with a bargepole. Sorry & thank you for your offering of info but they are just the type I wouldn't want administering my estate. They are quite expensive.
Yes Bev - apart from a share in the estate to an executor/s of our choosing, the rest is to go to charitable trusts. At the mo that is in England but we want it to be our home which is NZ.
Yes Bev - apart from a share in the estate to an executor/s of our choosing, the rest is to go to charitable trusts. At the mo that is in England but we want it to be our home which is NZ.
#8
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Location: Rural Taranaki
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Re: Have you changed your will?
Is it just that their fees are expensive or do you know something else about them that I should be aware of?
Last edited by NakiMan; Apr 26th 2012 at 6:58 am.
#9
Re: Have you changed your will?
So do you know for sure that New Zealand refuses to probate non-NZ wills, and if that's the case, a reference would be helpful.
In general, if you are living in NZ you want to have a New Zealand will (whole variety of reasons), but that is not the same as stating that a foreign will is invalid.
#10
Re: Have you changed your will?
Opps I see you have retracted some of that Bevs. I used to work for a lawyer here in NZ. Wills are part of the purchase process as someone said and Wills are often very cheap if not free to draw up for a straightforward one. It is when you get family trusts and complicated share holdings and such like that it becomes expensive. In the UK they used to have Free Will week, wonder if they still have that. We did ours here when we bought, just makes everything simple and if you have no kids to be executor think maybe of a dear old friend or colleague.
Last edited by shirl; Apr 26th 2012 at 9:51 pm.
#11
Re: Have you changed your will?
personally I'd rather give some money grabbing relli the cash than a solictor - or better still sell the f'ing lot long before I pop the clogs and have a good time with the money whilst I still can.
#13
Re: Have you changed your will?
I've never written a will
If everything I own is back in Egypt, would a will drawn here be valid for the stuff there?
If everything I own is back in Egypt, would a will drawn here be valid for the stuff there?
#14
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Re: Have you changed your will?
Most jurisdictions will accept out of jurisdiction wills for probate, even if the process is more complex than with a local will.
So do you know for sure that New Zealand refuses to probate non-NZ wills, and if that's the case, a reference would be helpful.
In general, if you are living in NZ you want to have a New Zealand will (whole variety of reasons), but that is not the same as stating that a foreign will is invalid.
So do you know for sure that New Zealand refuses to probate non-NZ wills, and if that's the case, a reference would be helpful.
In general, if you are living in NZ you want to have a New Zealand will (whole variety of reasons), but that is not the same as stating that a foreign will is invalid.
I hope I have got it right because we really need to change our wills pronto if our UK ones could be used .
#15
Re: Have you changed your will?
Ooooo now I'm questioning myself . I'm sure that's what my friend (solicitor) told me but it was a couple of years back now, so I do apologise if I've got it wrong . I'm seeing her next week so I will check with her then.
I hope I have got it right because we really need to change our wills pronto if our UK ones could be used .
I hope I have got it right because we really need to change our wills pronto if our UK ones could be used .