The surprising benefits of choosing a “living legacy” for your loved ones

Leaving wealth behind for your loved ones may be a priority when developing your financial plan. After all, you’ll likely want to see your family thrive and an inheritance could help them achieve important goals in life.

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Traditionally, you would transfer wealth to your loved ones when you passed away, leaving instructions in your will about how your family should divide your estate.

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However, in recent years, more people have chosen to instead leave a “living legacy” – passing wealth to their loved ones while they’re still alive.

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This informative guide explains why a living legacy could help you:

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- Encourage your beneficiaries to think about their long-term finances

- Lend a helping hand to loved ones when they need it most

- Reduce a potential Inheritance Tax bill on your estate

- Offer valuable support around how to use the wealth.

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As well as the potential benefits, this guide also considers the downsides you might need to consider, such as making estate planning more complex and balancing gifts with your own long-term financial security.

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Download your copy here: ‘The surprising benefits of choosing a “living legacy” for your loved ones’ to find out more now.

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If you want to discuss ways to pass wealth to your loved ones while ensuring that you can meet your own financial goals, please contact us to arrange a meeting.