Why Keeping Your Documents Up-to-Date Matters
10 February 2025

As we plan for the next 12 months, it's a good time to remember the importance of keeping your family documents up to date. In today's busy world, it's easy to forget this task, but having accurate and current records is really important for your family's security and peace of mind. Here are some key reasons to regularly review and update your family documents: 


  1. Keeping your family documents up to date ensures legal protection. Important documents like wills, powers of attorney, and healthcare directives need to reflect your current wishes and circumstances. An outdated will might not account for new family members or changes in your financial situation, potentially leading to disputes and legal complications.
  2. Accurate and current financial documents are essential for managing your family's assets and liabilities. This includes updating beneficiary designations on insurance policies, retirement accounts, and investment portfolios. Keeping these documents up-to-date ensures that your assets are distributed according to your wishes and helps avoid unnecessary taxes and legal fees.
  3. In an emergency, having up-to-date documents can make a significant difference. This includes having current contact information, medical records, and emergency plans. For instance, if a family member has a medical emergency, having their latest medical records and healthcare directives readily available can ensure they receive the appropriate care quickly, relieving some of the pressure during a stressful time.
  4. Keeping your family documents organised and up to date makes it easier for you and your loved ones to access important information when needed. This is particularly important in times of stress or grief, such as after the loss of a family member. Having all necessary documents in order can simplify the process of settling estates and managing affairs.
  5. Outdated documents can lead to misunderstandings and disputes among family members. By regularly updating your documents, you can ensure that your intentions are clear and reduce the risk of misinterpretation. This helps maintain family harmony and prevents conflicts during difficult times.
  6. Life is full of changes, from marriages and divorces to the birth of children and changes in financial status. Keeping your family documents up to date allows you to adapt to these changes and ensure that your records accurately reflect your current situation. This can include updating your will, changing beneficiaries, or revising your power of attorney. 

 

Keeping your family documents up to date is essential. Regularly reviewing and updating these documents can provide peace of mind and ensure that your family's needs are met in any situation. Make it a priority to keep your family documents current and organised, and you'll be better prepared for whatever situation may arise. 


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23 July 2025
When a relationship ends or circumstances change, untangling shared property can quickly become complex, emotionally, legally, and financially . R elationship property law provides a framework for dividing assets between partners. Whilst it is a legal process, it is also deeply personal. That’s why having an experienced and trusted advisor is essential. What is relationship property? The Property (Relationships) Act 1976 (the Act) governs how property is divided when a marriage, civil union, or de facto relationship ends, including when a partner passes away. In most cases, there is a presumption of a 50/50 split of shared property, but exactly what counts as “shared” can be more involved than people realise. Relationship property can include: the family home; vehicles and household contents; KiwiSaver and superannuation; income earned during the relationship; any assets acquired together; and any relationship debts. There are also important exceptions and nuances, especially if one partner has brought significant assets into the relationship, or if there are children involved. When the 50/50 rule doesn’t apply While equal sharing is the default, there are several situations where the law may allow for a different outcome: relationships of short duration (less than 3 years); significant economic disparity between partners; separate property, such as inheritance or pre-relationship assets (not intermingled); and contracting out agreements (previously known as prenups). Couples can choose to “contract out” of the default rules by signing a formal agreement. However, this must meet strict legal requirements in order to be valid and enforceable. One of these requirements is that both parties must have independent legal advice. When children are involved Children can significantly impact the division of relationship property. The law acknowledges the necessity of protecting a child’s wellbeing, particularly during family transitions. In these situations, the court may: postpone the sale of the family home if it would disrupt a child’s living situation; prioritise stability by ensuring that the primary caregiver can continue to provide a secure environment; acknowledge unpaid contributions, such as caregiving, as equal in value to financial contributions; and apply the Act to relationships of short duration if there’s a child of the relationship. Every family is different and when children are involved, the stakes are higher. That’s why it’s crucial to seek advice that combines legal clarity with compassion and care. Every situation is different While the law provides a general framework, no two families or relationships are exactly alike. That’s why having thoughtful and experienced legal support makes all the difference. Whether you're entering into a new relationship, separating, or simply planning for the future, clear advice from someone who understands the legal landscape and your personal one is essential. Why legacy matters Willis Legal has been advising Hawke’s Bay families for generations. That long history means we don’t just know the law, but also the community. We approach every situation with perspective, stability, and a practical mindset. Our clients trust us not only to get the paperwork right, but also to help them move forward with clarity and confidence. If you’re facing a separation, starting a new relationship, or looking to secure your future our team is here to help you understand your options in a way that works for you. Book a confidential consultation with us today and take the first step toward peace of mind.
9 July 2025
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25 June 2025
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