Mai Chen sells wills business to Perpetual Guardian

Perpetual Guardian has bought Mai Chen’s online wills platform My Bucket List for an undisclosed sum.

The company says the purchase will facilitate the expansion of fiduciary services to tech-savvy but under-protected younger New Zealanders.

Two new surveys of older and younger people commissioned by Perpetual Guardian indicate the breadth of the generation gap when it comes to estate planning, but offer the encouraging news that New Zealanders of all ages are open to using the internet to make, store and update wills and accomplish other estate-planning tasks.

Perpetual Guardian’s managing director Andrew Barnes says the decision to acquire My Bucket List stemmed from the company’s desire to remove the barriers to estate planning.