Do you need assistance administering a deceased estate?
Let our empathetic experts guide you through the process — contact NZ Estate Law specialist, Mimi Lewell today to set up an appointment.
14 November, 2014 | Mimi Lewell
Your solicitors will need to know how estate assets are held as this affects how the estate will be administered. For instance, if the person held assets in his or her name worth $15,000.00 or more it will be necessary to make an application to the High Court for either Probate (if there is a Will) or Letters of Administration (if there is no Will) in order to administer the estate.
Any assets that are held jointly with another person can be transferred to that person with a certified copy of the Death Certificate. If all assets are either under the $15,000 threshold or held jointly (or in a trust), then it will not be necessary to apply to the High Court to obtain formal administration of the estate. If assets are held jointly, in many cases the family will be able to deal with bringing in the assets themselves. However, in the case of jointly held property you will need to use a law firm to transmit the property to the surviving property owner(s).
For more information on dealing with transmitting, transferring and selling property, please read the article “Selling residential property from a deceased estate”
In most cases your solicitors will need to see the original Death Certificate. You can bring the certificate in to them at the initial meeting or ask the funeral home to send it directly to them.
Other information / documents that may also be needed are:
Information on family members
Your solicitors will ask you about family members of the person that has passed away – all information regarding any spouse / de-facto partner (including, in some cases, ex-partners) and children (including any adopted children or step children who were dependant upon the deceased at the time of their passing) will need to be provided, as well as in some cases information regarding parents or siblings.
18 February, 2014 | Mimi Lewell