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Discover how NZ’s new $40,000 probate threshold affects your estate planning and how a will can save your family thousands.
As of 24 September 2025, the New Zealand Government has increased the probate threshold from $15,000 to $40,000 — a long-overdue change that could save thousands in legal fees for grieving families.
For over a decade, the $15,000 limit has meant even modest estates — often with just KiwiSaver, a car, and basic savings — had to go through the High Court process. That meant lawyer costs, paperwork delays, and added stress.
"Most estates now include KiwiSaver balances well over $15,000... smaller estates are being eaten up in court costs and legal fees,"
– Justice Minister Paul Goldsmith
Under the new rule, if your estate is valued at $40,000 or less AND you have a valid will, your family won’t need to apply for probate through the court. That’s potentially thousands saved in costs and months saved in time.
That’s where this reform catches a lot of people out:
If you die without a will, your estate must still go through probate, even if it’s worth only $10,000.
So yes — having a will is essential.
With most KiwiSaver accounts now exceeding $15,000 — and often pushing past $30,000 when combined with vehicles and savings — even the simplest estates can unintentionally require court intervention under the old rules.
This change makes good estate planning more valuable than ever.
At Canterbury Legal, we help you:
The Government’s changes will save families money and stress, but only if they’ve got their estate planning sorted. A will is your ticket to making sure the new threshold actually works for you.
New rules apply from 24 September 2025.
Talk to Canterbury Legal today to ensure your family is protected.
