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

24 November 2024

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.

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.

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.

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

• 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.

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.

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

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.