Creating a will ensures that your assets are disbursed to beneficiaries according to your wishes, but you may have specific concerns or unique circumstances that require specialized attention.
Once your assets are distributed, will your family still need financial assistance? Life insurance provides income protection for a family in the event of an income earner’s untimely death. Insurance protection is available in the event that you suffer a serious illness that could potentially drain your financial reserves and reduce your assets. You may also decide to create a trust to ensure that your funds are disbursed according to your specific wishes. Or, you may have a family member with a disability and have growing concern about their continued welfare.
Determining which solutions best suit your financial objectives will ensure that your family will be taken care of and give you greater peace of mind.