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.
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.