What happens if you have a serious car accident?
Is your Will in place to protect your wishes?
Will your family have to worry about finances whilst they are grieving?
It’s not something we like to see, talk about, or even acknowledge. There are people out there who don’t want to make a Will, discuss funeral arrangements, or even talk about events after their death for fear of tempting “fate”.
The most fundamental estate-planning document that you should have prepared is your Will. Although it’s not a pleasant process, you really do need to have this in place, especially if you have children. It makes things simpler for those left behind.
A good estate plan encompasses a variety of instruments to not only divide your property but also protect your assets, provide for your family, and eliminate any uncertainty about their future security. A good estate plan can also minimise taxes on your estate, create performance incentives for your offspring, and protect that legacy.
As no one knows what will happen in the future, it is important to make sure you have your affairs in order well in advance. Planning is crucial in ensuring you can take care of your loved ones after you pass away. Contact Beacon Wealth Legal and Beacon Wealth Management to begin reviewing your plan.
