![Are You Getting Your Fair Share of Relationship Property Upon a Break Up?]()
Are You Getting Your Fair Share of Relationship Property Upon a Break Up?
April 6, 2017
The Property (Relationships) Act 1976 ("the Act") applies to marriages, civil unions and de facto relationships. Generally under the Act, at the end of one of these relationships, the parties receive a 50:50 share of all the relationship property. This usually includes the home, family chattels, and all other property acquired during the relationship. However the Court does have the power to award a lump sum payment or order the transfer of relationship property from one party in the relationship to the other under Section 15 of the Act.
Read more![Will That Do? - Validation of Non-Compliant Wills]()
Will That Do? - Validation of Non-Compliant Wills
March 21, 2017
Before a deceased's last will can have the legal effect of distributing property to his or her heirs accordingly to its terms, it must be admitted to probate, that is accepted by the High Court as being valid.
Read more![The New Draft Trusts Bill and its Suggested Disclosure Rules - How Could This Affect You?]()
The New Draft Trusts Bill and its Suggested Disclosure Rules - How Could This Affect You?
March 16, 2017
A new Trusts Bill has recently been released for public consultation. This bill updates and changes various aspects of trust law. One interesting proposed change is the rights beneficiaries have to trust information. The most recent judicial case involving beneficiaries and trust information is Erceg v Erceg [2017] NZSC 28. The Supreme Court did not find that there was a presumption for or against disclosure of trust documents, but that there is an "expectation that basic trust information will be disclosed to a close beneficiary who wants it". The Supreme Court's analysis did differ from the lower Courts. The Supreme Court listed certain factors to take into consideration when courts receive a request for disclosure.
Read more![Dispelling Some Of The Myths About Property Division On Separation]()
Dispelling Some Of The Myths About Property Division On Separation
August 25, 2011
Most people who have been through a separation would agree that it is a difficult and stressful time. This can be exacerbated when there is confusion or misunderstanding about what property is classed as relationship property and what property is classed as separate property. The Property (Relationships) Act 1976 (“the Act”) provides a code for how property is to be divided on separation for couples who are married, in a civil union partnership or de facto/same sex relationship.
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