A will is an important document, but legacy planning is wider. It is about making sure your family can find, understand and access what you intend to leave.
Keep a clear record
Maintain an up-to-date list of bank accounts, investments, insurance policies and other assets, and tell a trusted person where to find it.
Review nominations
Nominations on investments should reflect your current wishes. They can fall out of date after marriage, a birth or a bereavement.
Think about succession
If you own a business or property, consider who will take decisions and how value will be shared. Early conversations can prevent later disputes.
Use the right professionals
Wills, trusts and other legal instruments should be prepared by qualified legal professionals, and tax effects reviewed by a tax adviser. Investment planning can support, but not replace, that advice.
This article is general education. It is not legal or tax advice, and is not personalised financial advice.
Important information
This article is for general education only. It does not consider your personal objectives, financial situation or needs, and is not investment, tax or legal advice. Investments are subject to market risks. Read our risk disclosures.