Understanding Relationship Property.

The protection of assets that we have all worked so hard to acquire is an important consideration for most people.

Income, property, Kiwisaver, intermingled inheritances and gifts from third parties are all considered relationship property when in a de facto relationship - unless both parties have entered into a Contracting Out Agreement. Without one, relationship property would be shared equally upon separation, or even the death of one party, regardless of what anyone’s will said.

Know when your relationship is considered a de facto relationship under New Zealand legislation and protect your assets with a Contracting Out Agreement. Contact Tammy McLeod or one of her team for specialist advice.