Wills Month: How Kiwis Can Leave a Charitable Legacy for Future Generations
Wills Month encourages New Zealanders to consider leaving charitable bequests as part of the largest intergenerational wealth transfer in the country’s history, estimated at $1.6 trillion by 2050. Research shows many Kiwis value generosity but few receive professional advice on charitable giving, highlighting an opportunity for collaboration between financial advisors and the charitable sector. Minister Louise Upston urges individuals to discuss charitable bequests with advisors to create lasting community legacies and emphasizes New Zealand’s strong tradition of giving, with charities receiving $5.16 billion in 2024/2025.