Money talk makes most people uncomfortable, but ignoring the elephant in the room won't prepare you for what's coming. The largest generational wealth transfer in history is underway as Baby Boomers begin passing their substantial assets – primarily property – to their children.This wealth represents decades of hard work, careful spending, and meticulous money management by a generation that tracked every penny. Their hope? That their life's work creates lasting financial security for children, grandchildren, and beyond. Yet statistics paint a sobering picture: by the third generation, most inherited wealth vanishes completely.Why does this happen? When unprepared heirs suddenly receive significant assets during the emotionally vulnerable period of losing a parent, poor financial decisions often follow. We've all heard stories about lottery winners who end up bankrupt despite receiving millions – inheritance creates similar risks without proper preparation.The solution starts with breaking the silence around inheritance planning. Develop your financial literacy now through books, podcasts, and professional relationships. Establish connections with trusted financial advisors, accountants, and lawyers before you need them urgently. When inheritance arrives, resist pressure to make immediate decisions – take time to implement thoughtful strategies like debt reduction, property investment, or low-risk ETF portfolios.This preparation is particularly important for eldest daughters, who statistically often become responsible for managing their parents' financial affairs and communicating decisions to siblings. By building your financial foundation today, you honour your parents' legacy by preserving their hard-earned wealth for generations to come. Are you prepared for what's coming?Send us a text Support the showBuy your first home in NZ Weekly Webinars You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are! Join Here - https://bit.ly/4m9SL72

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