Sometimes known as Bloodline Planning, this type of Planning is to ensure that your assets reach your children, grandchildren and other relatives, rather than ending up in the wrong hands.
Most of us work very hard over the years to buy our own homes and build up our savings for our retirement and would like to leave a “little something” for our children and grandchildren after we are gone.
Hard work and dedication has meant that you have built up a sound business to benefit you and your family and naturally you would want to ensure that your loved ones are provided for in the event of your death. So what if the worst should happen and either you, or a business partner were to die?
The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.
At any time of life, you could become incapacitated, due to illness or injury and it can be invaluable having a reliable person to act on your behalf. Creating a Power of Attorney in advance, ensures that if the worst were to happen, both your financial affairs and your personal welfare are in safe hands.
