Now is the Time to Tackle Life’s Tough Ques­tions

North & South - - Public Trust Promotion -

Most of us would rather plan a hol­i­day than a Will. We’d rather or­gan­ise a fam­ily cel­e­bra­tion than a fam­ily Trust. And there are al­ways rea­sons to put off this kind of plan­ning: you’re too busy, you’re too young to worry about these things. In June, Pub­lic Trust in­ter­viewed 11 un­sus­pect­ing cou­ples to find out if they knew the an­swers to some of life’s tough­est ques­tions and to see how pre­pared they were for the fu­ture. Their re­sponses ranged from sorted to head-in-the-sand – much like their fel­low New Zealan­ders! If you’re among the 55 per cent of Kiwis* who aren’t pre­pared for the fu­ture, and need some help, there’s a team of in­de­pen­dent, trusted spe­cial­ists you can turn to – at Pub­lic Trust.

Jean and Wayne

“I had a hus­band who died in­tes­tate and I know how hard it was to go through that mine­field… I was a very young widow with a young child. Who thought in your 20s you’d need a Will? But I tell ev­ery­one: get a Will. The strug­gle, I had no money, the bank ac­count was frozen. If not for my won­der­ful par­ents, I’d have been sunk.” – Jean “I nursed my mother for quite some time be­fore she had to go into hos­pi­tal. She didn’t have any plans in place other than her Will. For her health and wel­fare, I had to take charge of ev­ery­thing. It was a chal­lenge, but I was blessed to be able to do it for her.” – Jean “I haven’t looked into Trusts at all. I’ve done ev­ery­thing through a Will, and Jean and I did a pre-nup agree­ment when we got to­gether years ago, so I felt what I’d done was enough to cover it all.” – Wayne

“Jean and I both wish to be cre­mated – we don’t want any fuss. I don’t want a great big ex­pense for a fu­neral. We’re both of the opin­ion you can spend a lot of money for noth­ing, re­ally.” – Wayne

Fuli and Vaiponga

“We’ve thought about a Will and looked at it on­line, but we’ve never ac­tu­ally done it. If some­thing hap­pened to us, we’d want to de­cide who looks after the kids and our money. I just fig­ured our fam­ily would take care of things.” – Fuli “I work at uni as a tu­tor and do other odd jobs there, and Pongi works as a care­giver, so we bring in about the same amount. If one of us was to die… we’ve got some money saved, but the fam­ily would be in a bit of fi­nan­cial trou­ble.” – Fuli

Dy­ing with­out a Will – “in­tes­tate” – means a gov­ern­ment act de­ter­mines the man­age­ment of your Es­tate and a strict hi­er­ar­chy of rules must be fol­lowed. For your loved ones left be­hind, the process can be lengthy and dif­fi­cult.

If you need help to man­age your prop­erty and fi­nan­cial mat­ters, a ded­i­cated Ad­vi­sor can be on hand to do as much or as lit­tle as needed. Pub­lic Trust’s Per­sonal As­sist pro­vides the peace of mind of be­ing in con­trol, with­out the stress.

Trans­fer­ring and gift­ing your as­sets to a Trust is an ef­fec­tive way of en­sur­ing that the peo­ple you wish to ben­e­fit from your as­sets do so. If you think that your es­tate is likely to be chal­lenged, have a dis­cus­sion with Pub­lic Trust so we can ad­vise you on your par­tic­u­lar sit­u­a­tion. Be­ing Ex­ecu­tor for an es­tate can be a com­plex job, so it’s im­por­tant that who­ever you choose has the right skills. Ap­point­ing a pro­fes­sional Ex­ecu­tor, like Pub­lic Trust, means an ex­pe­ri­enced, in­de­pen­dent Ex­ecu­tor will man­age ev­ery­thing. Pub­lic Trust also of­fers an Ex­ecu­tor As­sist ser­vice, to help Ex­ecu­tors ful­fill their role eas­ily and ef­f­i­cently. A Will should be paired with an En­dur­ing Pow­ers of At­tor­ney (EPA), en­abling you to choose a trusted friend, rel­a­tive or or­gan­i­sa­tion like Pub­lic Trust to make im­por­tant wel­fare and fi­nan­cial de­ci­sions on your be­half if you’re un­able. There are two types of EPA to con­sider: one cov­ers your per­sonal care and wel­fare – the other, your prop­erty.

Have you asked the tough ques­tions? Take the quiz now at

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