#142 Secure your financial legacy | Do More With Your Money

How can you secure your financial legacy? Follow these top tips from our expert panel, as they explain why completing your Pension's Expression of Wish and writing your will are important steps for passing your wealth to the next generation.

0:00 How can you secure your financial legacy?
2:29 The importance of planning your will
5:19 What happens without a will?
6:17 The importance of nominating a beneficiary on your Pension
7:37 Including children as beneficiaries
8:44 The benefits of leaving money in a Pension
10:06 The importance of talking about money
11:29 Your Pension isn't liable for Inheritance Tax
12:50 The Inheritance Tax rate and threshold explained
14:30 Plan your financial legacy with your financial adviser
16:01 When to speak with your children about leaving money
16:47 Gifting your money to charity explained
18:10 Be aware of where your shared documents are
20:55 Speak to a financial adviser about inheritance planning
22:27 The value of your property and Inheritance Tax
23:38 Make sure you have completed your Pension Expression of Wish

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[TruePotentialLLP]

What are you doing to secure your financial legacy?

[davidregan]

Great podcast again thank you!
Remember where there is a Will there is a Way! And the way is to finalise all your wishes and especially your finances, distributed to the very people you wish to leave them too, if you don’t have a will, you still have a way, but it could be the most cases not in a good way, things can get very complicated and in most cases quite messy, especially if solicitors have to get involved who will be the true winners at the end of the day!

[johnburns]

Having seen Macbeth recently the plant is reminding me of Birnam wood coming to Dunsinane!

[paulcass]

There seems to be an issue on the Platform with regards updating the Expression of Wish info. Is this being looked into? Great Webinar.

[simoncraven]

I am trying to add a beneficiary on website but struggling on how to do it