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The role of the executor

Often when you are asked to be the executor of a will, you accept the role without truly knowing its parameters. While not wishing to deter anyone from accepting the responsibility to carry out this very important role, you must understand what it entails. When a member of the family or a close friend asks

By |2020-03-19T17:08:26+13:00January 10th, 2020|

Further change to gun laws

Following the amendments to the Arms Act 1983 (“the Act”) that came into force on 11 April 2019, a second tranche of proposed changes, the Arms Legislation Bill (“the Bill”), is currently under review by the Select Committee. This next step in the reform of the Act looks to establish a firearms registry and amend

By |2020-03-19T16:40:50+13:00January 10th, 2020|

Bringing the Adoption Act into modern times

The New Zealand Adoption Act 1955 (“the Act”) has been widely viewed as being in need of an overhaul to bring it up to date with the modern times. In 2016 the Human Rights Review Tribunal ruled that sections of the Act were discriminatory and outdated. This article will take a closer look at the

By |2020-03-19T16:38:34+13:00January 10th, 2020|

Purchasing a property at auction – what you need to know

When purchasing a property, there are generally two ways in which you can achieve this. The first, the traditional offer method, is by offer and acceptance of a signed Agreement for Sale and Purchase between the vendor (seller) and purchaser (buyer) of a property. The terms of the Agreement for Sale and Purchase can be

By |2020-03-19T16:35:40+13:00January 10th, 2020|

Types of trusts and their benefits

There are many types of trusts that can be tailored to achieve a specific purpose. The general purpose of a trust is to protect your assets and provide for desired succession planning for future generations. A trust is created by a trust deed whereby a person (the settlor) transfers property to the trustees of the

By |2020-03-19T16:32:25+13:00January 10th, 2020|

Anti-money laundering overview

The government has recently made changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the “Act”) to prevent money laundering and terrorism financing within various businesses and professions (including lawyers, accountants and real estate agents). The Act aims to enhance the reputation of New Zealand businesses and maintain the view that New

By |2020-03-19T16:09:24+13:00August 23rd, 2019|

How many directors need to sign?

Signing documents that bind a company to obligations and potential liability is a key aspect of being a director of a company. It is part of the role when a director is guiding and running the company. While shareholders are required to ratify major transactions and key decisions, day to day, the directors are in

By |2020-03-19T17:10:12+13:00August 19th, 2019|

Sole Trader and Limited Liability Company – liability compared

A sole trader is a common ownership structure that can be used to operate a small business. The main operator of the business may be one person, supported by a family member such as a spouse. Operating a business may be risky if the right asset protection and insurance is not in place to support

By |2020-03-19T16:25:06+13:00August 19th, 2019|

Overview of the new gun law changes

Following the Christchurch Terror Attack of March 15th 2019 changes to the gun laws in New Zealand have been made. The Arms (Prohibited Firearms, Magazines, and Parts) Amendment Bill came into force on 12th April 2019; which was rather swiftly by legislative standards. The aim of the Bill is to tighten gun control in New

By |2020-03-19T16:22:01+13:00August 19th, 2019|

What to know when building a house with a building company

Building a house can be a stressful, expensive and intimidating prospect for both new and experienced customers. As such, ensuring you are aware of not only your rights and obligations, but also those of the builder, is crucial. Prior to even hiring a builder, you should complete your own due diligence on: the builder, your

By |2020-03-19T16:15:27+13:00August 19th, 2019|