According to Greek mythology, to be properly buried, a coin called an obol needed to be placed under your tongue. This would then be presented to Charon (the ferryman of the River Styx), as payment for the crossing of the river. The entrance to Hades, the underworld, was on the other side of the river. If you were not buried with a coin in your mouth you were destined to wander the banks of the Styx until you found the paupers’ entrance to Hades.

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One Hamilton High Court case highlighted the difficulties and pitfalls of drafting and executing your own Will when the Court heard of a person who created and signed two Wills on the same day.

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Parry Field Lawyers provide legal advice on a range of trust matters including formation and operation of both family trusts and charitable trusts.

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Parry Field Lawyers provide legal advice on a range of trust matters including formation and operation of both family trusts and charitable trusts.

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In the course of trusteeship, trustees make decisions that will impact on the assets of the trust.

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“Many trustees are unknowingly sitting on a time bomb as a result of the failure of advisors forming trusts to provide practical guidance on trust law, the running of trusts, or the duties of trustees. This has resulted in many trusts being either shams i.e. invalid, or a series of invalid transactions.”
(From
“Sham Trusts” by Ross Holmes)

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Parry Field Lawyers provide legal advice on a range of trust matters including entry into and operation of family trusts and charitable trusts.

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For many of us, making a will is one of those chores that we intend to do one day soon, but just not today.  Let’s face it, thinking about certain future death is not fun. However, your will is one of the most important documents you will make.  If you delay, you might lose the opportunity to make one at all.  Death or serious mental injury can come unexpectedly. Parry Field Lawyers provide legal advice on drafting wills to make sure they are clear and comply with New Zealand law

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The Top Ten Things to Know when you are about to have an IRD Audit or Dispute

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The rate of GST is changing on 1 October 2010 to 15%. Get this wrong and it could cost you dearly, especially if you are purchasing or leasing property.  This short note covers a couple of important situations that could save you money, in terms of the New Zealand GST Transitional Rules.  First we consider the situation where you purchase a property now, but the contract does not become unconditional until after 1 October 2010.  This is likely to happen more and more frequently as the time gets closer to 1 October 2010, and will be something to watch out for if you are in the market for a house. This will only apply if you are purchasing from a registered vendor.

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