As per the words of Benjamin Franklin “…in this world nothing is certain but death and taxes”.   

While contemplating our mortality is never pleasant, it's crucial to address estate planning to ensure our wishes are met and our loved ones are taken care of. Proper preparation can provide peace of mind and clarity for the future. 

Ōmokoroa Accounting has experienced the loss of a few clients over the years, and from a tax agent’s perspective, your family will need to inform us if this happens. 

In the event of your death, we will need to be provided with a copy of your Will, which shows who the Executors are and a copy of the Death Certificate. 

The Essential ‘Just in Case’ Document 

Recently, the team at Ōmokoroa Accounting attended a webinar on estate planning, and the key takeaway was the importance of having a Will and a detailed list of all assets, contact details, and policy account numbers available. 

After all, what would happen to your bank accounts, assets, or business if something were to happen to you? 

Would your family members know your login details for your computer? 

Diane has prepared a document for family members when she travels. She calls this her ‘Just in Case List’ and says it should include all relevant details your executor needs to know, such as your accountant/tax agent's details and computer logins. 

This is so that if something happens, her executor can efficiently manage her affairs and handle any necessary tasks without delay or confusion.   

Remember: If you should pass away your accountant will need to know so that final accounts and tax returns can be filed, and all accounts closed with the IRD. 

At Ōmokoroa Accounting, we're here to guide you through these important steps. Contact us today if you have any questions and to secure your peace of mind.