Estate Planning Checklist

5 Pages Posted: 1 Feb 2010 Last revised: 8 Mar 2015

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: Febuary 1, 2010

Abstract

A complete and detailed examination of the client’s financial affairs is necessary for estate planning to be effective. The matters to be borne in mind include: estate duties; gift duties; the client’s items of property; the client’s taxable income; cash flow of the client’s business; and the income and asset position of the client’s partner and family.

As at 2009, much of the substantive law discussed in this note has been amended or repealed. In particular, while the Estate and Gift Duties Act 1968 is still on the statute book, the rates of the estate duty are now zero, in effect abolishing the tax. Nevertheless, the practical methodology suggested for advising personal clients remains of use for practitioners today.

Keywords: Estate planning, estate duty, gift duty, will, checklist, New Zealand, lawyer/client relationship, managing personal assets.

JEL Classification: K11, K34

Suggested Citation

Prebble KC, John, Estate Planning Checklist (Febuary 1, 2010). New Zealand Law Journal, p. 78, 1979, Victoria University of Wellington Legal Research Paper No. 24/2015, Available at SSRN: https://ssrn.com/abstract=1545523

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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