'The best-prepared families discuss values, not just valuables'
Here's some wisdom from financial advisor Katie Wesney, in a recent Stuff column...
"The antidote to inheritance drama isn’t complicated: start talking.
The best-prepared families discuss values, not just valuables. They talk about timing - could part of the inheritance be gifted earlier when it might have more impact? They update wills regularly and include everyone in understanding the bigger picture.
They also acknowledge that financial literacy isn’t inherited along with the money. If you’re expecting to leave or receive a significant sum, everyone involved should understand how money actually works.
And here’s the crucial bit: they treat inheritance as a nice-to-have, not a financial strategy. You can’t control when it comes, how much it is, or who else might need support."
If your values include supporting charities that tackle the issues you care about, and or the community in which you've thrived, then after taking care of your family, including a bequest in your Will to create a philanthropic endowment that gives back forever is a wise and effective strategy. Contact us at Momentum Waikato to find out more - via momentumwaikato.nz....
You can read more of Katie's column at the link below.
Poll: Have you tried this spot?
Tucked in the heart of Matamata’s farming and industrial business area, Pepper Street Kitchen defies expectations.
The cafe is owned by contracting giant J Swap and located in their Matamata workshop. Originally it was set up just for employees about six years ago, but once word got out around town about the stellar food they switched to the commercial operation.
Have you tried this spot? Tell us more in the comments (adding NFP if you don't want your words used in print).
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0% Yes
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100% No
One size fits all rates cap model ‘unworkable’, says Waipā DC
Waipā District Council says the government’s “one size fits all” proposal to cap rate rises could disproportionately harm fast-growing councils such as Waipā.
On Wednesday, Strategic Planning and Policy committee members debated the council’s submission on the proposed rates cap model.
Time to Tickle Your Thinker 🧠
If a zookeeper had 100 pairs of animals in her zoo, and two pairs of babies are born for each one of the original animals, then (sadly) 23 animals don’t survive, how many animals do you have left in total?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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