'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.
Former Waipā mayor, regional council chairperson Alan Livingston dies
He’s been as described as a “true statesman” with a “calm, considered approach” who dedicated decades to his community.
Tributes are flowing after the death of former Waipā mayor and regional council chairperson Alan Livingston.
Poll: What do you think about medicinal cannabis?
Politicians may not usually be keen to be snapped with cannabis, but the Deputy Prime Minister is backing a growing medicinal export industry.
David Seymour was in Waikato to cut the ribbon at the opening of Ora Pharm’s medicinal cannabis and hemp extraction facility this week.
What do you think about medicinal cannabis? Tell us more in the comments (adding NFP if you don't want your words used in print).
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100% I support it
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0% I don't support it
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0% Not sure
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