Most Kiwi families have no idea what's coming when their parents age. Then they get hit with legal bills, family fights, and financial shocks they never saw coming.

Emily Silby breaks down the legal reality every family will face: enduring power of attorney, wills, retirement village contracts, and rest home subsidies. We cover the 30% deferred management fee, why you don't actually own anything in a retirement village, and what happens when your parents can't make decisions anymore.

The numbers are brutal: median rent is $600/week, but retirement village fees can hit $400/week on top of your million-dollar entry fee. Meanwhile, 85 is the average age people enter rest care - if they ever do.

If your parents don't have wills and enduring power of attorney sorted, you're setting your family up for expensive legal battles and court applications.

We cover relationship property traps, residential care subsidies, and why leaving it to the kids to figure out is the worst possible plan. Plus the MSD loan scheme that keeps people out of limbo when houses won't sell.

Don't wait until crisis hits. Get the legal structure sorted now, while everyone still has their marbles.

Your future self will thank you.

Find Emily

Email: emily@rejtharlaw.co.nz

Linkedin: https://linkedin.com/in/emily-silby-a5181290

Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning.

Stuck? Find Amy : amy@levridge.co.nz

Instagram: https://www.instagram.com/amy.levridge

Website: https://www.levridge.co.nz

Get tickets to the 2nd annual in person 'keep the change unplugged' event: https://www.ticketmaster.co.nz/keep-the-change-tickets/artist/3925924

I believe 100,000 kiwi with better financial literacy will create a better New Zealand. The Generate KiwiSaver Scheme are helping me reach this goal. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more.

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