It’s often easier to take the ‘it won’t happen to me’ approach but life can present unfortunate circumstances at any minute of the day.
Thinking ahead to protect those you love, should you no longer be able to provide for your family, can take on various guises including life insurance or income protection.
A will and lasting power of attorney are also a way to protect your family in the future. They can be written at any age and it’s a relatively simple process to complete. A will protects your partner’s and your children’s inheritance by stipulating your wishes and a lasting power of attorney will ensure that a designated person will act on your behalf should you be unable to in the future.
Talk to Willow Financial Solutions about the best place to start when planning for your children’s future.
* Please note Tax and Estate Planning services are not regulated by the Financial Conduct Authority.