How to make sure your loved ones don't miss out on their inheritance.
Making a Will is one of the most important actions you will ever need to take. Your Will sets out who you want to benefit from your estate and in what way you want them to benefit.
Shockingly, even though most of us know it is important to make a Will, only around a third of us get around to making even the most basic provisions for our loved ones.
If you have been putting it off then we would certainly recommend that at a minimum you find out what is involved.
But….even if you have already made a Will, assets left directly to your beneficiaries may well be open to “attack”.
Most standard Wills provide only the bare minimum of protection for your hard-earned assets. In many cases, your loved ones might stand to lose some, perhaps even all, of their inheritance through no fault of their own and if they do it will most certainly not be in line with your wishes!
For example, are you aware that even with a Will in place, your beneficiary’s inheritance could be at risk in the event of the re-marriage of your spouse after your death?, the divorce of a beneficiary? or even one of your beneficiaries becoming insolvent or bankrupt?
If you consider how often these kinds of events may have happened to people you know, maybe even to people in your own family, then you will begin to appreciate just how important it is not only to make a Will, but to make a Will that you can rely on to fulfil your wishes….. come what may!
So, how can you be sure that your Will is trustworthy?
Thankfully it is absolutely possible to make a Will that ensures that when you die, the full value of your estate finds its way into the hands of your beneficiaries and cannot be lost to them due to circumstances outside of their control.
If you want to find out how you can provide for your loved ones after your death and be sure that they, only they, will benefit then ask us for a copy of our “Protecting Your Assets” brochure or request a meeting to discuss your specific circumstances.
Wills & Trusts advice is not regulated by the Financial Conduct Authority.
Ancojada Limited trading as Prosperitas Consult is not authorised or regulated to provide financial advice.
All financial advice is provided by other regulated businesses.