No one has a crystal ball. We can’t predict the future, but a COA can provide you with the peace of mind that comes from knowing you’ve got a plan in place if things do go wrong.
As Kiwis, most of us understand we have a responsibility as parents to provide for our children. But what if our children are adults and financially independent?
A recent news story on the front page of the stuff.co.nz website featured two Wellington couples who were selling their dream home after owning and living in it together for seven years. One comment suggested the story normalised the fact that “housing is now unaffordable for most Kiwis.” The story also normalised the fact that the current generation are more open to property sharing than in the past.
New Zealand has changed significantly over the last half-century. The Property (Relationships) Act 1976 was drafted at a time when couples generally married young and pooled their resources to buy a house as early as they could, a time when ABBA’s ‘Fernando’ topped the national charts and Fred Dagg and Footrot Flats made Kiwis laugh out loud.
