A basic component of financial planning is estate planning and the most important feature is to ensure valid and updated wills are kept under review. This is the only way to ensure your wealth passes either to loved ones or in the direction you would like. If you die without having a valid will you are said to have died “intestate” and the legal system has very strict rules on how your money and wealth (known as your estate) will be distributed.
Where you have a valid will
Easy, the estate is usually distributed in accordance with your wishes.
Where you don’t have a will
Not so easy, the government has provided a calculator and you can find it here: https://www.gov.uk/inherits-someone-dies-without-will
At Financial Fortress we take estate planning very seriously and whilst we don’t offer a will writing service ourselves, your adviser will help you decide what you would like to happen, explaining all the pro’s and con’s allowing an informed decision.
We can then either work with your own legal adviser to formulate your will or refer you to a trusted and local solicitor.
Ready to build your Financial Fortress?
All clients will receive a no cost and no obligation pension review!
Speak to one of our specialist pension advisers. We can go through your pension withdrawal options in more detail and help you understand
Authorised and Regulated by the Financial Conduct Authority