Legal New Year’s Resolutions
The best kind of New Year’s resolution is one that is easy enough to keep and makes you feel a whole lot better. We may have made muttered promises to ourselves about more walks, and less wine, but here are five legal resolutions that will leave you feeling right on top of things and ready for your year:
1. Make a will (or take a look at your old one to see if it needs refreshing).
Everybody whether married, single, a parent or a grandparent needs a will. It saves your family having to go to Court to get Letters of Administration. A well thought out will allows you to plan what happens to your assets when you die, and to nominate someone to have a say in important decisions for your children. In addition to your will, do you need an enduring power of attorney so that a trusted person can step in and make important care or property decisions if you cannot do so yourself?
2. Get on top of debt
This year I am abolishing a budget in favour of a “Spending Plan” because it sounds much more fun. If things have gotten more serious than that, a lawyer can help you renegotiate debt, and your bank or mortgage broker could help you consolidate your debts to reduce the overall interest you are paying. A “disruptive accountant” or a budgeting advisor might be just the thing for taking control of your financial affairs.
3. Get some advice on that niggly legal issue
This may seem self-serving, but that combative neighbour on your right of way, that ongoing trust issue, or upcoming property purchase with your partner are underlying causes of stress. Sometimes all you need is 20 minutes legal advice to put you on the path to resolving them.
4. Make sure your insurance is doing what you think it is
For lots of reasons, insurance policies may not be protecting you properly – whether because you have more assets than you used to, other circumstances have changed, or you are just paying too much. So that you are protected when you need it, read your policy and get in touch with your insurer if anything is unclear. Ask them if they have a plain English description of cover and exclusions. Work out whether your house insurance will cover a rebuild if you needed one. Consider an insurance broker.
5. Book in a time for those walks and revel in all that peace of mind (I’m not saying anything about the wine).
Just an update on Mt Eden Village, staying safe for everyone to enjoy their Christmas shopping and ensuring all our business owners and staff are able to as well!
Security has been increased in Mt Eden Village - Just to advise that the Mt Eden Business Association has now engaged security firm Matrix, to do nightly patrols. As well, from now until Christmas, 3 days per week, there will be a security person in the Village just helping businesses if needed. The intention is that this will de-escalate any issues that may arise and make the environment pleasant for all. If you see this security person walking around, please make him or her feel welcomed. This extends down to Woodside Road.
Kia ora neighbours, the traffic lights are in sight and we'd love to know what you're most looking forward to once Aucklanders have more freedom. Maybe it's being reunited with family outside Auckland, going to the pub, or just being able to hang out inside a friend's house (and use their loo!). Comment below to share your thoughts - use NFP if you don't want it published - or email email@example.com
It’s important to look beyond the interest rate of any business finance arrangement that you are entering into because often that low-interest rate loan, which you have been enticed by, may contain conditions or covenants that you have to abide by and comply with. While there is nothing wrong with conditions or covenants being imposed by a lender, borrowers need to be comfortable that they can comply with these and that there are no adverse implications on the business or any party involved.