Earlier this year, a Christchurch businessman was found borrowing millions of dollars against his family trusts for his clothing company - racking up a $3-million dollar spend.

His sister prompted legal action, and two homes had to be sold as collateral.

But that brings up a question - what can we leave behind for our children and family that won't just be squandered or swindled?

Trusts and inheritance is a something most families will have to deal with when older-relatives pass, so how assured can we be that assets are protected?

Managing Director for New Zealand Family Trust Servicers, Janet Xuccoa joins Tim Beveridge for Smart Money...

LISTEN ABOVE

Earlier this year, a Christchurch businessman was found borrowing millions of dollars against his family trusts for his clothing company - racking up a $3-million dollar spend.
His sister prompted legal action, and two homes had to be sold as collateral.
But that brings up a question - what can we leave behind for our children and family that won't just be squandered or swindled?
Trusts and inheritance is a something most families will have to deal with when older-relatives pass, so how assured can we be that assets are protected?
Managing Director for New Zealand Family Trust Servicers, Janet Xuccoa joins Tim Beveridge for Smart Money...
LISTEN ABOVE

Looking to make sense of your dollars? Newstalk ZB’s Smart Money delves into the deep, dark recesses of unwanted debt, traverses the highs and lows of investments and helps to ensure you money works for you.

Our industry experts give us their top tips on a wide selection of topics including mortgage rates, stock, savings, goal-setting and retirement.

Looking to make sense of your dollars? Newstalk ZB’s Smart Money delves into the deep, dark recesses of unwanted debt, traverses the highs and lows of investments and helps to ensure you money works for you. Our industry experts give us their top tips on a wide selection of topics including mortgage rates, stock, savings, goal-setting and retirement.

Looking to make sense of your dollars? Newstalk ZB’s Smart Money delves into the deep, dark recesses of unwanted debt, traverses the highs and lows of investments and helps to ensure you money works for you.

Smart Money

Janet Xuccoa: Your list of trustees has to be tight and reputable

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/92b967c7-29d5-4cb7-a9b6-b4620062e77f/transcript

This week's budget announcement had a focus on sorting out the books, and no straight sugar hits for individuals.
Infrastructure, healthcare and education seemed to be the clear priority of our fiscal plan, but three  relief for the cost-of-living pressure many face. 

Along with that, council rates have gone up for Auckland and the South Island's West Coast, and the Reserve Bank's signalled that there will be an increase to the OCR shortly - so the period we've seen of low interest rates on a mortgage is coming to an end. 

So how can we prepare ourselves for a toughening economy? Was it good that we didn't have any government handouts? 

Managing Director for the Private Office - Nick Crawford - joins Tim Beveridge for Smart Money... 

LISTEN ABOVE

This week's budget announcement had a focus on sorting out the books, and no straight sugar hits for individuals. Infrastructure, healthcare and education seemed to be the clear priority of our fiscal plan, but three&nbsp; relief for the cost-of-living pressure many face.&nbsp;
Along with that, council rates have gone up for Auckland and the South Island's West Coast, and the Reserve Bank's signalled that there will be an increase to the OCR shortly - so the period we've seen of low interest rates on a mortgage is coming to an end.&nbsp;
So how can we prepare ourselves for a toughening economy? Was it good that we didn't have any government handouts?&nbsp;
Managing Director for the Private Office - Nick Crawford - joins Tim Beveridge for Smart Money...&nbsp;
LISTEN ABOVE

Nick Crawford: Households will have to anticipate higher cost-of-living pressures

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2203de6a-a90a-4d47-a422-b45b00635a4d/transcript

Retirement is the time most people dream of, the days where you no longer need to work or study, and you can enjoy a slow and simple life. But what does it actually take to retire?

And, when Super is under threat, and the only stable thing about the global economic climate is its instability, can we rely on the pension being there when we're ready to retire?

Author of Money Matters Amanda Morrall chats to Tim Beveridge about how much money you really need to retire.

LISTEN ABOVE

Retirement is the time most people dream of, the days where you no longer need to work or study, and you can enjoy a slow and simple life. But what does it actually take to retire?
And, when Super is under threat, and the only stable thing about the global economic climate is its instability, can we rely on the pension being there when we're ready to retire?
Author of Money Matters Amanda Morrall chats to Tim Beveridge about how much money you really need to retire.
LISTEN ABOVE

Amanda Morrall: What does it really take to retire in 2026?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7684e605-c9ef-442d-82c1-b454006946b7/transcript

The age of retirement is back in the forefront of news this week after a report from the OECD recommended means testing the age of eligibility for NZ Super or risk an unsustainable rise in public debt. 

The agency says New Zealand's ageing population will continue to become a prevalent issue as the government tries to pull the economy out of the red. 

But some finance experts say we shouldn't be relying on the government to fund our retirements, and super should be treated as a bonus rather than a survivable income. 

LISTEN ABOVE

The age of retirement is back in the forefront of news this week after a report from the OECD recommended means testing the age of eligibility for NZ Super or risk an unsustainable rise in public debt.&nbsp;
The agency says New Zealand's ageing population will continue to become a prevalent issue as the government tries to pull the economy out of the red.&nbsp;
But some finance experts say we shouldn't be relying on the government to fund our retirements, and super should be treated as a bonus rather than a survivable income.&nbsp;
LISTEN ABOVE

Martin Hawes: Should the govt fund your retirement?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bfab25a3-75c1-4699-9a76-b44600635b76/transcript

Janet Xuccoa: Your list of trustees has to be tight and reputable

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