Over the next 25 years, New Zealand will undergo the largest intergenerational wealth transfer in its history between $1 trillion and $1.6 trillion in assets moving from baby boomers to their kids and grandkids. But here's the problem: as lawyer Andrew Clements puts it, we're approaching this tsunami with "all the sophistication of a kids' game of pin the tail on a donkey." In this conversation, Andrew breaks down: - Why 90% of family wealth is lost by the third generation (and how to beat those odds) - The three types of kids: rising, entitled, and disempowered (and which ones you're raising) - Why most Kiwis don't have wills (and what happens when you die without one) - The coming crisis in farming and family businesses as owners hit retirement - How ultra-wealthy families stay wealthy for generations (and what we can learn) - Why trusts are still essential tools, not just fashion accessories - The family conversations most Kiwis are too scared to have If you're a business owner, parent, or anyone with assets to pass on, this episode could save your family from becoming another wealth transfer disaster story. Find Andrew Clements: Website: https://www.graysonclements.co.nz/our-people/andrew-clements Email:
[email protected] Get tickets to the 2nd annual in person 'keep the change unplugged' event: https://www.ticketmaster.co.nz/keep-the-change-tickets/artist/3925924 I believe 100,000 kiwi with better financial literacy will create a better New Zealand. The Generate KiwiSaver Scheme are helping me reach this goal. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more. __________________________________________________________________________________ Amy from https://levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck with your next move? Find Amy :
[email protected] Instagram: https://www.instagram.com/amy.levridge Website: https://www.levridge.co.nz Hosted on Acast. See acast.com/privacy for more information.
