You’ve spent a lifetime building your wealth, so you’ll want to make sure that it’s distributed according to your wishes. Planning ahead is key to minimising the tax your loved ones will have to pay, so they get the full benefit of your hard work.
It’s not always easy to talk about what will happen when you pass away, but being prepared and understanding the legal ramifications of your choices will allow you to plan for your family’s future.
By creating a will and putting a power of attorney in place, you can make sure your wishes are implemented when you’re no longer here, or are no longer able to make your own decisions.
This guide will give you a better understanding of how you can plan ahead, but everyone’s situation is unique. A professional adviser will help you find the right path for you and your loved ones.