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5 days ago
In New Zealand today, many young people view property ownership as an increasingly distant goal, particularly as home prices remain high and the housing market continues to be competitive. As a result, more parents are stepping in to help their children secure their first homes, offering financial support for deposits or even becoming co-owners. However, such assistance comes with important considerations, especially around tax implications and relationship property issues.
08/04/2025
The information contained in this article is necessarily of a generalised nature and is correct as at March 2025. Specific advice should be sought in relation to any particular situation.
27/02/2025
The latest Deed of Lease (7th Edition), released by the Law Association of New Zealand, introduces important updates aimed at creating a more balanced framework for landlords and tenants. If you are a commercial property owner or tenant, understanding these changes is crucial for navigating your lease agreements effectively. Below, we outline the most significant updates.
14/02/2025
If you are part of an existing incorporated society or planning to set up a new one, you will need to be aware of the Incorporated Societies Act 2022 (2022 Act), which came into force on 5 October 2023. Compared with the Incorporated Societies Act 1908 (1908 Act), this new law brings significant changes to how societies operate, and it is crucial to understand what this means for your organization.
17/12/2024
Unlike entering into a marriage or civil union, there is no clear legal line or date as to when a de facto relationship begins. This means that determining whether a couple is in a de facto relationship will be a matter of evidence.
08/11/2024
If you become seriously ill or incapacitated, an Enduring Power of Attorney (EPOA) gives your chosen person, known as your attorney, the legal right to act on your behalf. This authority can cover decisions about both your property and personal care and welfare.
08/10/2024
Having a valid Will is essential for ensuring your final wishes are honored and your estate is managed as you intend. Without a Will, your estate may face costly delays and legal complications. This guide explains why a Will is important, what happens if you die without one, and when you should update it to ensure your wishes are always respected.
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