Secure your legacy with a free will service from First Foundation NZ

It’ll only take you a few minutes, it’ll change her life forever

Leave a lasting gift – write your will for free with First Foundation.

Planning for the future is more than just a necessity—it’s a powerful way to continue your legacy. Whether you’re just starting out or looking to update your plans, creating a Will is a critical step in ensuring that your wishes are respected and your loved ones are cared for.

It’s your opportunity to make a meaningful impact through personal gifts, support to loved ones, and contributions to causes close to your heart.
Here, you’ll find everything you need to know about why a Will is important, the implications of not having one, and how our free Will service can simplify this vital process for you.

Understanding the importance of making a Will

What is a Will?

A Will is a crucial document where you outline your wishes for distributing your assets, expressing your funeral preferences, and naming guardians if necessary. It’s your voice after you’re gone.

Why is a Will Necessary?

Protects Your Loved Ones: Helps avoid a complicated and costly estate administration process.
Control Over Your Assets: Ensures you decide who receives your assets, such as life insurance, KiwiSaver, and personal items.
Essential for Adults: Critical once the value of what you own exceeds $15,000 or if you’re over 18, especially when you start accumulating wealth or growing a family.

Consequences of not having a Will

Under $15k: Closest relative can manage the estate without probate.
$15k+ or property owned: Legal authority needed to act as executor.
Default law distribution: Without a Will, your assets are distributed according to default laws, which might not reflect your wishes.

Embrace the power of Will-making

Creating a will is a powerful step in managing your future. It’s not just about legal formalities—it’s about personal expression. Your Will can ensure that your financial assets and cherished personal items are passed on according to your desires. Without a Will, the process can be more difficult and costly for your loved ones.

What happens without a Will?

Intestate Law:

Without a Will, estates are settled in accordance with the Administration Act 1969, which may not reflect your personal wishes.

Scenarios without a Will:

Spouse and No Children: Spouse receives everything.
Spouse and Children: Spouse gets personal chattels, $155,000 (plus interest), and one-third of the remainder. Children share the rest.
No Immediate Family: Estate could revert to the state unless dependents apply for consideration.

Simple, free, and personal

We know estate planning sounds a bit scary. That’s why during Gifts in Wills Month, First Foundation partners with Footprint to offer a free Will service, simplifying and demystifying the process. This service is designed to be straightforward and accessible, removing financial barriers and helping you tailor your legacy.