When most people think of financial planning, they might be under the impression that just concerns investments, pensions or savings.

No, no, no!

A purpose-built financial plan is made up of many working parts that all fit together seamlessly. Such a plan should put your goals first and foremost.

By clearly identifying and prioritising your financial goals, you can better understand how each decision you make with your money impacts your life.

One key component of your overall financial plan is a valid and up-to-date Will. It is important to make a Will because if you unfortunately pass away without one then there are certain rules that would dictate how your money, property, possessions and investments (known as your estate) are dealt with.

A Will is the only way to make sure all those things go to the people and causes you care about. They are especially important if you have dependents who rely on you financially, or if you wish to leave certain assets to those outside your immediate family.

A Will can also be a good way to limit the burden of Inheritance Tax that may be left after you’re gone.

Placing your Will and other estate planning requirements within your overall financial plan allows you have better control of your money.

It is a strategy that delivers a true sense of security.

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