Legacy is about how we want to be remembered and what lessons we can pass onto the next generation. It’s so much more than a tax efficient inheritance cheque.
- Do your actions teach your children and others the value of money and the importance of delayed gratification?
- Do you have written Wills and are they up to date?
- Is your life insurance written into Trust?
- Have you discussed legacy with those closest to you?
- Do you have Lasting Powers of Attorney?
- Do you have a plan for gifting?
- Do you know/have a plan for minimising Inheritance Tax?