If the strain of making ends meet during the current cost of living crisis has meant you’ve pushed long-term financial planning aside, that’s understandable. But failing to create a long-term plan can carry serious consequences, especially when what you’ve neglected is completing your estate plan.
Everyone has an estate – the word just refers to everything you own. Your estate plan is a plan that you create to set out what happens to your money and possessions when you die. No one likes to think about this, but failing to have an estate plan can have serious consequences for those you love.
It doesn’t have to be difficult to get started. Here are some basics to help you take the first steps.