TRUST Law
Asset and estate planning can often be complex and emotional. As families and circumstances change, so does the need to regularly review and update the structures and documentation in place. Our trust specialists understand this and work alongside you to provide real life advice and practical solutions, tailor-made to your specific needs and outcomes.
Relationship Property
Contracting Out Agreements
The protection of assets that we have all worked so hard to acquire is an important consideration for most people.
Income, property, Kiwisaver, intermingled inheritances and gifts from third parties are all considered relationship property when in a de facto relationship — unless both parties have entered into a Contracting Out Agreement. Without one, relationship property would be shared equally upon separation, or even the death of one party, regardless of what anyone’s will said.
Know when your relationship is considered a de facto relationship under New Zealand legislation and protect your assets with a Contracting Out Agreement.
Tammy and the Trust Team are here to help with all the legal aspects of relationship property.
Contact us to discuss how we can help you.
Articles.
Why Would You Need Relationship Property Advice?
The Property (Relationships) Act 1976 (“Act”) sets out the principles for dividing property on the separation of a relationship or death of one of the partners. It defines what property is considered “Relationship Property” meaning it would be shared equally between partners, and what each person’s “Separate Property” is...
Trust Law Update: Recommended Law Changes – Inheritance and Wills.
There has been a huge amount of publicity regarding recommended changes to the law around inheritance and wills...
New Disclosure Requirements for Trusts.
In December 2020, the Government enacted a number of new disclosure requirements for domestic trusts which came into effect on 1 April 2022...
