When will I need Probate or Letters of Administration?
If a deceased person holds more than $15,000 in one particular asset (i.e. bank accounts, KiwiSaver, shares or life insurance) or owns property in their own name, probate or letters of administration will likely be required. Determining whether formal administration is required can be tricky. Call us to talk through these legal requirements or to determine if Westpac holds more than $15,000.
Find out more about Deceased Estates here.