Planning for the unexpected is never easy. Where do you start? Who do you speak to? Golden Leaves Expat Services partners can help you with those important decisions. Just let us know what you need and we will ensure you receive the advice you want.
Nobody knows what life has in store for us.
It tends to go against human nature to think about life changing injury or death, long-term illness or long-term care. Planning for the good things in life is easy. However, if we don’t also spend a little time planning for the bad times, decisions you could have made for yourself while all was going well in life, may be taken completely out of your hands and left to others to make on your behalf.
For example, making a will is perhaps not the easiest thing to do. Not only does it mean that you need to consider your own immortality, you also need to consider who you would like to benefit from your savings, your belongings and even perhaps your house. However, while it may not be easy and it does involve making some pretty important decisions that perhaps you would rather not think about right now, without a will, not only may it pose all sorts of problems for the people left behind, your savings, your belongings and even your house could be left to the wrong person.
Making a will is obviously very important and a very good place to start the planning process. While you may wish to keep things simple, making a will does allow you to consider a number of important planning issues, some perhaps not immediately obvious. For instance:
- Are you concerned about Long-term Care fees and managing care option as an expat?
- Are you concerned about what will happen to your assets if your partner remarries after your death? Will your children still receive what you intended?
- What happens if you leave your assets to your children and they get divorced?
- What happens if you leave your assets to your partner or children and they have financial difficulties?
- If you were unable to manage your financial affairs or personal welfare due to some form of incapacity, who would you like to act on your behalf?
Have a question? Why not ask one of our expert partners. Just fill in the contact form and someone will be in touch shortly!