estate planningDid you know:

  • Everyone should have a will, but 2 out of 3 of us haven’t made one.
  • Last year there were 9,000 intestate cases, meaning 9,000 people died without leaving a will.
  • In almost 50% of these cases the surviving spouse / partner did NOT inherit all of the estate

It is a common assumption from married couples that everything passes to the spouse.  This cannot be guaranteed if you haven’t written a will. In fact a large proportion of future inheritance is lost in future divorce settlements, to creditors or bankruptcy.

Finding Out More

So on that note, I spent two days last week at the annual STEP Tax, Trusts and Estates conference keeping up to date with the latest developments in the area of estate and legacy planning.  And really understanding the significant benefits this aspect of financial planning can deliver to families for generations to come.

STEP (the Society of Trust and Estate Practitioners) is the worldwide professional association for practitioners dealing with family inheritance and succession planning. I am one of 18,000 members from a broad range of professional backgrounds, including lawyers, accountants, trust specialists and a small number of financial planners like us.

In partnership with our legal partners, estate and legacy planning is an area of financial planning we are focusing on more and more.  We have all worked hard to build our assets, a little bit of work on legacy planning means we can protect these for our children, ourselves and future generations.

Get in touch with us if you would like to find out more.

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