by Robert Rhinesmith
IT’ S YOUR MONEY
Four Reasons Why You Need A Will
by Robert Rhinesmith
The most fundamental financial planning step that many people don’ t consider is a will. I consider this the foundation of financial planning.
DON’ T DELAY
It’ s easy to make a will, or have it prepared – and it will save your family unnecessary distress at an already difficult time. 1. A will makes it much easier for your family or friends to sort everything out when you die – without a will the process can be more time consuming and stressful.
2. If you don’ t write a will, everything you own will be shared out in a standard way defined by the law – which probably isn’ t always the way you might want.
3. A will can help reduce the amount of Inheritance Tax that might be payable on the value of properties, other assets and money you leave behind.
4. Writing a will is especially important if you have children or other family members who depend on you financially, or if you want to leave something to people or organizations outside your immediate family.
36 HimPower October 2017