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.

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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

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