I originally went to see a financial adviser because I was concerned about the performance of my equity portfolio. I had retired a few years back and invested my payout in shares but I was very unhappy with the results.
Once I went to see the financial adviser and we began discussing the big picture, it became clear something else was playing on my mind. I’d worked hard all my life to build something for my family but I was worried what would happen after I’d gone.
You see I’ve been married twice and our family is quite complicated. Plus my son-in-law has a gambling problem and I don’t completely trust him to look after my daughter.
Anyway after lots of discussion we came up with a solution that put my mind at ease – a testamentary trust. By appointing a trustee who has the flexibility to divide assets how they see fit, we can minimise taxation and ensure my assets pass into the right hands. My adviser even put me in touch with a trusted lawyer to tie up the legal ends.
So now as well as an investment solution I feel confident with to see me through retirement, I also have a plan to protect my family after I’m gone.