ANSWERS TO CORRESPONDENTS.
R. (Ohinemutu) writes. —Will you kindly answer, under " Wig and Gt-own," the following questions ? —l. Can a life insurance policy be registered, thereby making it more secure, should the office which issued the policy be unable to pay the amount issued : and if so, what would be the cost to register a policy of £500, and to whom apply ? 2 If an insurance office failed, and a policy of that office had been registered, would there be any difficulty in gelting the amount of policy ? £].. There is no provision for making an insurance policy more secure by registration. Except in the office that issues it, there is no provision whatever for registering at all, and there it is done as a matter of course. 2. If the office failed, all policy-holders would share alike in the dividend, if any, arising from its assets. 2
H.F. B. (Waimate, Bay of Islands) writes. — Will you kindly answer the fallowing questions in your valuable " Wig and Grown " column ? — 1. What length of notice must I give my neighbour to erect half of the boundary fence between us ? 2. What am Itodo in case of non-erection of same after expiration of notice ? 3. Is any further notice necessary ? [1. Two months notice if the land is open, and six months if ifc is covered with bush. 2. In case no notice is taken of your notice to fence for the specified time, you may then, or at any time within six months after, proceed with the fence yourself, and you cau then recover its value, so long as it does not exceed the maximum price provided by the Act for the particular kind of fence you erect. 3. No further notice is required if the first is duly served.] "Faber" (Thames) writes. — Will you kindly answer this query under " Wig and Gown ?" — A married woman, who has a sum of money of her own in the Bank in her own name, invested for the benefit of her son by her first marriage, dies intestate. What portion can he claim, his stepfather being alive ? [As the law at present stands, it would appear that the surviving husband would bt; entitled to administration of the estate, and wuuld also be entitled to the whole of the residue «-o the exclusion of the son by the first marriage. This position of matters is no doubt very unjust, and may be held to be altered by the position of the law regarding the property of married women, but as yet, no decisions have gone in the direction of upsetting the right so long accorded to the Lmsband. The injustice of the thing is that the very opposite rule would apply if the husband had died leaving a sou bj a former marriage.] X.Y.Z. (Wellington) writes.— l. Two lives (those of his aunt, aged about 50, and his mother, aged about 60) stand between A and a legacy of about £1,000, bequeathed to him by an uncle in England. Can A (who is about 30 years of age, and residing in New Zealand) sell his reversionary interest in his legacy ? If so, what would it be worth ? And could he realize on it in J!Tew Zealand, or would he be obliged to go to England to do so ; and what would be the best way to effect such sale ? [A could certainly cell his reversionary interest contingent on the deaths of his aunt and mother. The value is determined by tables, which can be seen at the offices of most English insurance companies doing business here, and depends on the expectancy on the age 3of the two persons having life interests. A sale could, if the evidence of the legacy, &c, was clear, be made in New Zealand, but the sacrifice would be a heavy one. There would be no need to go Home to dispose of it to one of the great English insurance offices, such as the Liverpool and London, or Royal, and the matter could be completed through their agency in fche colony.]
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Bibliographic details
Observer, Volume 7, Issue 348, 8 August 1885, Page 7
Word Count
680ANSWERS TO CORRESPONDENTS. Observer, Volume 7, Issue 348, 8 August 1885, Page 7
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