Estate planning is designed to ensure that when a person dies, more of their wealth passes on to their loved ones, ensuring they are provided for. Despite this, many people are unaware of how useful such plans can be. Read on as we examine some common myths regarding estate planning.
Estate planning is only for wealthy people
Regardless of the assets you have accumulated in your life, estate planning is vital for everyone. It can ensure that whatever you own when you die passes on to the beneficiaries of your choice.
Estate planning is a consideration after retirement
With everchanging financial markets and evolving personal circumstances, planning early is a much wiser approach. With a plan in place, you can be sure your loved ones are protected.
Estate planning can be left to your heirs
Family disputes are a common occurrence following the passing of a relative, and such situations can delay beneficiaries from receiving the wealth you’d like them to have. Considered estate planning can make certain those you wish to inherit are well taken care of swiftly and smoothly.
Are you looking for assistance with estate planning?
If you are looking for help with estate or retirement planning in Chester or Shropshire, we can help. With many years of experience helping clients to prepare for the future, at Hartey Wealth Management, our expert team are ready to guide you. Get in touch today for advice, support and answers to any questions about your estate.