Northern Advocate
  • Northern Advocate home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Sport
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport
  • Property
    • All Property
    • Residential property listings

Locations

  • Far North
  • Kaitaia
  • Kaikohe
  • Bay of Islands
  • Whangārei
  • Kaipara
  • Mangawhai
  • Dargaville

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Kaitaia
  • Whangārei
  • Dargaville

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Northern Advocate / Business

Liz Koh: Lottery ticket gift can come with problems

Liz Koh
NZME. regionals·
27 Sep, 2015 04:00 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Be wary of windfalls.

Be wary of windfalls.

When you can't think of something to give a friend or relative on a special occasion, a lottery ticket is a convenient solution. Lottery promoters use special events such as Father's Day, Mother's Day, Christmas and other special days to encourage us to think of lottery tickets as gifts.

It's great to give somebody the possibility of becoming instantly wealthy. While the reality is that most tickets are not winners, occasionally a recipient strikes it lucky and this can create significant dilemmas.

Whenever a large sum of money is at stake, there's the possibility of heated emotion, especially where there is a question of ownership or moral obligation. Evidence of this is seen in the many legal disputes over inheritances and relationship property.

The recipient of a winning lottery ticket has a clear legal right to the amount won. What is not clear is whether there is any moral obligation to share the proceeds. There is an element of moral hazard here, in that the ticket purchaser, through making the gift, has thrust the recipient into a situation where they must make potentially life changing decisions which can have far-reaching effects, both good and bad, on their relationships with family, friends and even the community at large.

A windfall of a large sum of money, whatever the source, forces the recipient to think deeply about the meaning of life, the things that bring the most joy and happiness, and the role money plays in bringing about their life's purpose. Before you give someone a lottery ticket, think about what impact there might be on the recipient if they are thrust into this situation.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Discover more

Liz Koh: Spread your risk and ignore the headlines

06 Sep 08:00 PM

Liz Koh: Understand your KiwiSaver options after 65

13 Sep 05:00 PM

Liz Koh: Be prepared for unpredictable salary losses

20 Sep 05:00 PM

Liz Koh: Flat Auckland rents are deterrent to investors

04 Oct 04:00 PM
Save
    Share this article

Latest from Business

Northern Advocate

Did closing Marsden Pt oil refinery make NZ's fuel crisis worse?

04 Apr 05:00 PM
Northern Advocate

Fuel crisis: Govt strikes deal to secure eight days’ of diesel storage space at Marsden Point

01 Apr 11:01 PM
Premium
Northern Advocate

How a superyacht career sparked a growing holiday-home venture on the Tutukākā Coast

29 Mar 06:00 PM

Sponsored

Sponsored: The deposit myth putting Kiwis off building

24 Mar 04:35 PM
Advertisement
Advertise with NZME.

Latest from Business

Did closing Marsden Pt oil refinery make NZ's fuel crisis worse?
Northern Advocate

Did closing Marsden Pt oil refinery make NZ's fuel crisis worse?

Marsden Pt converted to an import terminal in 2022, but always relied on imported crude.

04 Apr 05:00 PM
Fuel crisis: Govt strikes deal to secure eight days’ of diesel storage space at Marsden Point
Northern Advocate

Fuel crisis: Govt strikes deal to secure eight days’ of diesel storage space at Marsden Point

01 Apr 11:01 PM
Premium
Premium
How a superyacht career sparked a growing holiday-home venture on the Tutukākā Coast
Northern Advocate

How a superyacht career sparked a growing holiday-home venture on the Tutukākā Coast

29 Mar 06:00 PM


Sponsored: The deposit myth putting Kiwis off building
Sponsored

Sponsored: The deposit myth putting Kiwis off building

24 Mar 04:35 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • The Northern Advocate e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Northern Advocate
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The Northern Advocate
  • The New Zealand Herald
  • The Northland Age
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • NZME Digital Performance Marketing
  • Book your classified ad
  • Photo sales
  • © Copyright 2026 NZME Publishing Limited
TOP