Passing on your wealth

You've worked hard and planned carefully – no doubt you're hoping that your wealth will outlast you and there will be something left to pass on to the loved ones you leave behind. While it seems simple enough, like all financial matters, it requires careful planning.

A Will is a good starting point but there are other ways that you can ensure that your wishes are carried out and your estate ends up where it belongs. Wills and various trusts can be used depending on your personal circumstances and what you're trying to achieve.

You should also consider putting in place appropriate powers of attorney to ensure that financial and medical decisions will be made by people you trust if you're incapacitated.

For more information, speak to your financial adviser about putting together an estate plan that suits your needs. If you don't have an adviser, click here to find one near you.