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More seniors opting to distribute inheritance before dying

Author
Newstalk ZB,
Publish Date
Thu, 23 Nov 2023, 7:56am
(Photo \ Getty Images)
(Photo \ Getty Images)

More seniors opting to distribute inheritance before dying

Author
Newstalk ZB,
Publish Date
Thu, 23 Nov 2023, 7:56am

A trend is emerging of older New Zealanders opting to dish out inheritance to their family before they die. 

NZ Seniors data shows more than a third are doing just that. 

More than half worry over what they'll be able to leave their kids because of current economic challenges. 

Pidgeon Judd Law Director, Joanna Pidgeon, told Kate Hawkesby that people are living longer, and don't want to see their kids struggling with renting into their 50s. 

She says with prices increasing, help upfront can get them onto a more stable home-owning road. 

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