Take financial stock before writing a will

There is perhaps no better time for people to take account of their overall finances than when it comes to writing a will.

This gives individuals and couples alike a chance to assess what financial provisions they have in place and whether or not they are sustainable.

People can never be sure if and when they will need to draw upon the funds they have saved for a rainy day, but knowing there is sufficient cash in place helps give peace of mind.

Leaving money or assets behind for loved ones is something that most people hope to achieve, so taking stock of a financial situation when writing a will can help them realise just how much they can afford to leave.

Recent findings from Prudential show that 52 per cent of people seeking to retire this year believe they will have enough of an inheritance to leave to their loved ones.

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Published on: June 7, 2011

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