Small Business Succession Planning
Do you run a small business? Succession planning for your business is an important part of your estate plan. Once your business has been established, a plan needs to be put in place to deal with what would happen to it if you pass away unexpectedly. Over time, you may [...]
Family Trusts and Succession Planning
Do you have a family trust? Trusts are often established for investment and business purposes and passing control of your trust is an important part of your estate plan. Unlike most of your other assets, trust assets cannot simply be left to your children in your will. How the trust [...]
Who is entitled to an estate where there is no will?
If a person dies without making a will, they are said to be ‘intestate’. If this happens, provisions in the Succession Act 2006 determine who is entitled to the person’s possessions after they die (known as the deceased person’s ‘estate’). The person first entitled to the estate will be the [...]