Succession planning

Passing on your wealth to your loved ones

Putting financial plans in place will mean that you are able to pass on your assets to your chosen beneficiaries. Your financial adviser can help ensure this happens according to your wishes and as efficiently as possible, while also ensuring that the quality of your life in later years is not compromised. This will, ultimately, give you peace of mind.

There are important points to consider, such as 

  • Having up to date and professionally drafted wills in place, wherever you have assets 
  • Avoiding a situation where ‘Probate’ delays payments to your beneficiaries, for example by using international protection, savings and investment products.

Your superannuation fund can provide a tax efficient vehicle to save for retirement and is also an effective way of transferring wealth when you die. Setting up a family trust can also be tax efficient and can help ensure your wealth is passed on in a tax-efficient manner.

With some careful long-term planning, you could put an effective arrangement in place to protect your loved ones leaving you free to enjoy life, secure in the knowledge that your financial planning has been taken care of.

The information provided here does not constitute investment advice or an offer to provide any product or service by Friends Provident International.

Please seek professional advice, taking into account your personal circumstances, before making investment decisions. We can accept no liability for loss of any kind incurred as a result of reliance on the information or opinions provided here

Next Steps

To help achieve your financial goals, it’s important that you get independent financial advice. You can only buy our products through a financial adviser, so please speak to yours for guidance. They will help ensure your plans are tailored to meet your needs. If you do not have a financial adviser click here