Can a non NZ resident who owns property managed under power of attourney, make a will for their NZ property, leaving their property to an inheritance trust? The property would be left to an inheritance trust with NZ citizens as benefactors.
You have not understood the question. The person making the will is not a resident or citizen of the country, N.Z. where the will is to have legal standing. The power of attorney will be extinguished on that persons death. If the non residents will, made in a different country under different legal jurisdiction, is not recognized by the NZ. Tax IRD department then the person will have died intestate and major problems will occur.
That's starting to get more detailed and specific, thank you.
Now a supplementary question if I may please.
If the will is prepared in NZ by a NZ lawyer and taken offshore to the person who legal title and has granted the power of attorney to be signed and witnessed, is there any requirement that the witnesses are the people who hold the power of attorney? are NZ resident or hold NZ citizenship?
Thank you for the help. It did take some digging to get the information.
Now I need to find a lawyer "in the flesh" who is an expert in this area, to set this up.
Perhaps you have a suggestion??
Hi christhe lawyer, thank you for the reply.
Now I am a little unsure of the next step. I don't want to abuse the service you have offered and the suggestions you made.
Ideally I would like to find a lawyer who is competent in this field and who has practised as a lawyer also in PRChina, ie. speaks Mandarin, and based in Auckland.
If I am out of line in asking this of you, please tell me.
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