As I noted in my earlier blog (Half of Kiwis over 18 don’t have a will – what are we going to do about it?), a lot of New Zealanders don't have wills. It's not really clear why that is, but one reason is that a lot of people think they haven't got enough assets to make it worthwhile.
With the growth of KiwiSaver balances, that is often not the case. Average KiwiSaver balances are now approaching $15,000, which is the threshold for administration of an estate without a will. Above that figure, and the family has to go to court to have someone appointed as the administrator. Stuff recently drew attention to this issue, and also to the free will that we recently launched with Matt Hay.
You see see the Stuff story here, or read it in full below. You can try the free will here.
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lawhawk@lawhawk.nz
