diff --git a/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/CopyAndPasteProperty.cs b/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/CopyAndPasteProperty.cs
index 9b6c8b8..b6d56b9 100644
--- a/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/CopyAndPasteProperty.cs
+++ b/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/CopyAndPasteProperty.cs
@@ -1,5 +1,6 @@
 // NOTE: managedReferenceValue getter is available only in Unity 2021.3 or later.
 #if UNITY_2021_3_OR_NEWER
+using System;
 using UnityEditor;
 using UnityEngine;
 
@@ -12,6 +13,8 @@ namespace MackySoft.SerializeReferenceExtensions.Editor
 		const string kClipboardKey = "SerializeReferenceExtensions.CopyAndPasteProperty";
 
 		static readonly GUIContent kPasteContent = new GUIContent("Paste Property");
+		static readonly GUIContent kNewInstanceContent = new GUIContent("New Instance");
+		static readonly GUIContent kResetAndNewInstanceContent = new GUIContent("Reset and New Instance");
 
 		[InitializeOnLoadMethod]
 		static void Initialize ()
@@ -38,6 +41,20 @@ namespace MackySoft.SerializeReferenceExtensions.Editor
 				{
 					menu.AddDisabledItem(kPasteContent);
 				}
+
+				menu.AddSeparator("");
+
+				bool hasInstance = clonedProperty.managedReferenceValue != null;
+				if (hasInstance)
+				{
+					menu.AddItem(kNewInstanceContent, false, NewInstance, clonedProperty);
+					menu.AddItem(kResetAndNewInstanceContent, false, ResetAndNewInstance, clonedProperty);
+				}
+				else
+				{
+					menu.AddDisabledItem(kNewInstanceContent);
+					menu.AddDisabledItem(kResetAndNewInstanceContent);
+				}
 			}
 		}
 
@@ -62,6 +79,29 @@ namespace MackySoft.SerializeReferenceExtensions.Editor
 			JsonUtility.FromJsonOverwrite(json, property.managedReferenceValue);
 			property.serializedObject.ApplyModifiedProperties();
 		}
+
+		static void NewInstance (object customData)
+		{
+			SerializedProperty property = (SerializedProperty)customData;
+			string json = JsonUtility.ToJson(property.managedReferenceValue);
+
+			Undo.RecordObject(property.serializedObject.targetObject, "New Instance");
+			property.managedReferenceValue = JsonUtility.FromJson(json, property.managedReferenceValue.GetType());
+			property.serializedObject.ApplyModifiedProperties();
+
+			Debug.Log($"Create new instance of \"{property.propertyPath}\".");
+		}
+
+		static void ResetAndNewInstance (object customData)
+		{
+			SerializedProperty property = (SerializedProperty)customData;
+
+			Undo.RecordObject(property.serializedObject.targetObject, "Reset and New Instance");
+			property.managedReferenceValue = Activator.CreateInstance(property.managedReferenceValue.GetType());
+			property.serializedObject.ApplyModifiedProperties();
+
+			Debug.Log($"Reset property and created new instance of \"{property.propertyPath}\".");
+		}
 	}
 }
 #endif
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