Welcome to the Sharp Tudhope Lawyers' blog. Here you will
find topical information and advice relating to a wide range
of areas of law, written by our legal experts.
Friday September 8, 2017
Did you know that if you die without a Will, the law says what will happen to your assets AND there is no guarantee your wishes will be carried out? Even the best laid plans can see family left behind dealing with more stress than they need to.
Wednesday August 30, 2017
Making the decision to live with your partner is an exciting time. It is a big step, not just emotionally, but also legally.
The law in New Zealand creates a legal duty between boyfriends/girlfriends/partners who are in “de facto” relationships. A de facto relationship is where two people live together similar to a married couple. If a couple in a de facto relationship split, the default position under the law is that any relationship property is to be split 50/50.
Wednesday October 12, 2016
For many people, due diligence is not a common phrase but it is something that every purchaser should consider if you are buying a commercial investment, residential property or business.
Tuesday September 22, 2015
Buying and selling property has generated substantial income for many New Zealanders – especially in today’s booming housing market.
If you buy residential property with the intention of selling and making a profit, that profit has always been taxable.
Tuesday May 26, 2015
Many people forget that a trust is not a legal entity in its own right like a company - the trustees are the legal entity/owners of the trust property for the benefit of the beneficiaries.
As such, trustees are personally liable for all liabilities incurred for the trust, including debts to third parties. This personal liability is subject to:
Tuesday April 21, 2015
Many people say “we don’t need a Contracting Out Agreement because we don’t own anything!” Assets like Kiwisaver or life insurance are often overlooked; and many people during the course of their lives receive an inheritance, which is worth protecting.
Under the law, if you receive an inheritance while married or in a de facto relationship, it is your property and you are not legally bound to share it with your spouse or partner. Of course, in many cases, people choose to do so regardless. In other cases, your inheritance can become relationship property without you even realising it.
Wednesday April 1, 2015
Most first home buyers will be aware that you can withdraw Kiwisaver funds to apply towards your first home purchase.
You should also be aware that changes on 1 April 2015 mean that you can get even more!
Thursday October 30, 2014
If you are planning to subdivide land, there are a number of complex and overlapping requirements you need to be aware of. Click the heading above to read more.
Thursday October 23, 2014
Are you a trustee of a trust or will? Are you aware of your duties under the law and the relevant trust document? If not, click the heading above to read more.