Are you ready to take charge of your life and ensure that your responsibilities are met? Putting your affairs in order might sound like a daunting task, but it’s essential for your peace of mind and the well-being of your loved ones. Whether creating a will, settling debts, organising important documents, or conveying your wishes, taking these steps will bring you clarity and allow you to focus on what truly matters.
The scenario
Imagine this scenario: you work tirelessly to care for your family, providing for their needs and securing their future. But what happens to them when you’re no longer around? Without a well-crafted will, your hard-earned money and inheritance may be at risk. Even nominating your children as beneficiaries might not be enough, as their payout could end up in the wrong hands. It’s crucial to have a valid will in place to safeguard their future.
Let’s delve into a real-life story for a moment. Meet Jane, a single mother with three children, two of whom are minors. Fortunately, she had the foresight to create a valid will, which played a pivotal role in securing her children’s home. By specifying a guardian in her will, Jane ensured that her kids would be taken care of, even in her absence. But what if she hadn’t prepared a will? The uncertainty surrounding her children’s fate would have been unbearable.
The will
Now, you might be thinking that creating a will is an expensive affair. But fear not, as there are organizations that offer free wills. The real costs lie in estate administration, including unavoidable fees such as executor, trust, and conveyance fees. If you fail to make provisions for these fees, your beneficiaries might end up shouldering the burden. Don’t forget about your ongoing expenses either, as debit orders continue until your bank is notified of your passing.
You might be wondering how your beneficiaries will manage to cover these costs. The answer is simple: put your affairs in order. Seek the assistance of a Certified Financial Planner who can help you develop a comprehensive plan to address all these matters and ensure that your beneficiaries are well cared for and protected. Even if you have no substantial assets, having a will is crucial, especially if you have children. And here’s an important reminder: divorce or remarriage does not cancel your will. You must update it within three months, or your ex-spouse may inherit unintendedly.
You owe it to yourself and your loved ones to do better. Please don’t leave them burdened with uncertainties and financial hardships. Take the initiative and reach out to us today. Let us guide you towards a future where your affairs are in order and your legacy is secure. Remember, your peace of mind is just a conversation away!
