KiwiSaver is a first important step to creating your wealth. The second important step is to protect that wealth. Very soon you will see that KiwiSaver balance over $15,000. We encourage you to protect that wealth and do this by making a simple will which sets out who will receive your wealth when you pass away.
When you are young or even just least young at heart, the thought of making a will seems pretty unexciting. We hear the comments “I don’t have enough to justify making a will”, “it’s too complicated “or “it will cost too much”.
But if you ask the families of young people aged 25 to 44 years, who have a loved one pass away without a will, they will tell you that they only there was a simple will.
Without a will, if you have a KiwiSaver account (or any bank account or life insurance policy) with $15,000 or more, the assets are frozen, inaccessible to survivors while Letters of Administration are obtained which becomes costly and time consuming.
At Lucas & Lucas we encourage every new or existing KiwiSaver member to have a will. A simple will is the best way to protect your wealth. Then you can get on with living!
For further information, or to make an appointment please call us on 03 477 8080.