Will you live forever?
Will you live forever? The answer is NO.
So have you planned for the day you are no longer here?
The answer again is NO.
Why?
Estate Planning
It’s simple; people are not made aware of the processes that happen we you die. Have you got children? If yes, have you spoken to your family and your children about who would look after them if you were no longer around? Is this in your will as a Guardianship clause? Has the health of these people or the finances of these people changed? Are you still happy for them to look after the children?
What about your STUFF (Your estate)?
Who will claim everything on your behalf (executors): close accounts, pay your bills and sell your assets? Have these changed? Have you drafted this in your will as an executor and trustee? Is the value of things you are leaving behind enough to pay off all your debts: mortgage, loans, overdrafts, credit cards and does it leave enough for your surviving family to survive as you would want them to?
