Beyond your lifetime
A really important part of the financial planning process is to understand what will happen to your assets when you pass away.
Most people want to ensure that their family and dependants can have access to their assets as quickly, as smoothly and as tax-efficiently as possible.
In some cases, for example, families with young children, people may not want their beneficiaries to have complete control straight away. If you have a young family, another very important consideration is to nominate guardians for the children should both parents die.
Unfortunately, the law doesn’t always work in the ways that we want it to, and unless you make proper provisions, you could find that your assets pass to the wrong people, or at the wrong time. It’s a stressful time so it’s very important to make sure that everything can be done as smoothly and efficiently as possible, minimising problems for your family.
