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

With Property becoming less of the golden-goose egg we've made it out to be, people are focusing more on how else they can be financially stable - and with that stability, comes being disciplined with your money - and keeping your spending affairs in order.

But how can we do that with loyalty programmes encouraging us to save? and mid-year sales going around?

How do we keep our eyes on the long-term goal, and stay on track with our savings?

Where should we even start, if we're so far behind?

Author of Money Matters, Finance Specialist and Mentor Amanda Morall - joins the Weekend Collective to help out.

LISTEN ABOVE

With Property becoming less of the golden-goose egg we've made it out to be, people are focusing more on how else they can be financially stable - and with that stability, comes being disciplined with your money - and keeping your spending affairs in order.
But how can we do that with loyalty programmes encouraging us to save? and mid-year sales going around?
How do we keep our eyes on the long-term goal, and stay on track with our savings?
Where should we even start, if we're so far behind?
Author of Money Matters, Finance Specialist and Mentor Amanda Morall - joins the Weekend Collective to help out.
LISTEN ABOVE

Amanda Morrall: Don't pounce on every good deal you see

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/24124616-8240-4a94-b8a9-b4770062c587/transcript

Generate Kiwisaver's Nathan Stanners joins Tim Beveridge to chat National's compulsory Kiwisaver policy - and whether it's a good policy for the our retirement savings pool. 

They also talk how your risk profile should change the closer your get to retirement. 

LISTEN ABOVE

Generate Kiwisaver's Nathan Stanners joins Tim Beveridge to chat National's compulsory Kiwisaver policy - and whether it's a good policy for the our retirement savings pool.&nbsp;
They also talk how your risk profile should change the closer your get to retirement.&nbsp;
LISTEN ABOVE

Nathan Stanners: The pros and cons of National's compulsory Kiwisaver policy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3d6ec3b9-9cf0-4646-9c4d-b471000c1d8d/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

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

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