Can you decide who inherits your wealth?

Can you decide who inherits your wealth?
Changes to the inheritance law will affect nearly every family in New Zealand. (Image: Getty)
Patrick Gamble
Sweeping changes to the laws covering wills come at the same time as the greatest transfer of wealth in New Zealand history.In coming years, an estimated $1 trillion of NZ baby-boomers' wealth will change hands. The legislation most certainly does need change – some of the laws haven't been looked at in 70 years. So, it’s important we get this right, particularly since millennial and Gen-Z adults are becoming ever more dependent on an inheritance as a way of getting their own homes.But the thought that comes to mind whe...

More Law & Regulation

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Staff reporters 15 Sep 2025
Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025
Construction suicide costs at $1.3 billion
Infrastructure

Construction suicide costs at $1.3 billion

A survey found that almost one in five workers reported suicidal thoughts.

Chido Machingura 12 Sep 2025
Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025