Where there ’ s a will , there should be an estate plan
Roy McMurchie , Head of Fiduciary Services at PPS
We often look to financial advisers for a financial needs analysis , but often we fail to address the whole picture . A holistic view of your financial and investment well-being includes an estate-planning needs analysis .
Your estate plan aims to preserve , increase and protect your assets during your lifetime , and to ensure the effective distribution thereof at your death , in accordance with your wishes through your Will .
Estate planning is crucial to reduce uncertainties over the administration of your estate and to maximise its value . It is important to reduce complexity and plan ahead to help facilitate the devolution of your assets upon your death .
Your estate plan should be examined and addressed on an ongoing basis , particularly after a major life event such as marriage , the birth of children and grandchildren , divorce or retirement . Any change in your personal financial circumstances should prompt a revision of your financial and estate plan .
Start with a Will discussion . The sooner you look at this aspect , the greater the benefit to you and your beneficiaries . We all work so hard to build up an asset base to ensure a comfortable retirement and to leave a legacy in line with our wishes .
We encourage you to take this time to address your estate planning and Will . Speak to your financial adviser for more information and guidance on your estate plan .
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