Leaving on a Jet Plane
We provide an obligation free online tool to provide you with further information based on your specific circumstances.
With our borders opening up again, the lure of hopping on a flight that lasts more than 2 hours is strong. Regardless if you are packing your bags for two weeks or two years, there are several things you should consider before you get to that boarding gate.
This list of considerations could become extensive pretty quickly, so we have limited our comments strictly to a few key matters to ensure your legal ‘house is in order’ and we leave you to decide whether to exchange your money to Pounds Stirling now or on arrival, and how many pairs of shoes are too many to pack.
The short answer is yes. A Will is an important document, regardless of your age and stage. Every adult should consider having a Will. It does not have to be a complex or time-consuming process. At Holland Beckett Law, we understand that your focus might be on different things, such as whether to go to Rome or Venice (or both), so we can prepare a Will for you that is fit for purpose and meets your present needs. [click here for more information]
The common misconception is that Enduring Powers of Attorney are reserved for ‘old people’. This is incorrect. In the instance of the proverbial “hit by a bus” (or falling off a scooter may be closer to home), if you have an accident or injury that renders you unable to make your own decisions then these documents assist your health professionals and family know whom to speak to and manage your affairs. But take accident or injury out of it, what happens if you are trekking Everest (there’s no wifi up there…) and a critical document needs to be signed or a funds transfer made – with these documents in place you can leave your affairs in the hands of the people you trust, and carry on with getting that perfect Insta shot at the summit. [click here for more information]
Trusts are a separate consideration, and require a (similar but) separate document to enable someone to act for you in your capacity as a trustee in respect of the assets of the Trust whilst you are overseas (rather than in your personal capacity for your personal property). If you have a Trust, your Will should also include provisions to deal with the Trust should the worst occur. At Holland Beckett Law, we can provide you with guidance on how best to have these matters structured during any absences from NZ. [click here for more information]
Further, Trusts are governed by the Trusts Act 2019 (which came into force on 30 January 2021) which, amongst other things, reformed the duties and obligations on trustees particularly regarding disclosure obligations to beneficiaries. As part of the above structuring process, we can advise you on how the Trusts Act 2019 will impact you.
Here at Holland Beckett Law, we understand that the ‘Big OE’ is a rite of passage for lots of kiwis, and it is a very exciting time – but even the best laid plans go awry, so preparation is key. We would be happy to discuss with you how you can best prepare yourself and your affairs to ensure smooth sailing….hopefully around the Greek isles.