It’s a question that people rarely ask themselves but one that we feel here at Penguin is important to consider. Maybe you’ve been too busy enjoying life and you haven’t taken the time to think about something so daunting, but what would your family do if you weren’t here? If you died yesterday would they be able to financially cope without you? Do you have a Trust in place that determines how your estate will be distributed, keeping it in the family? Your family are already going to be navigating their way through an emotionally intense, difficult time. So why add financial stress on top of that?
Penguin have adopted the Plan – Perform – Protect method to help clients who have started to think about what would actually happen if they weren’t around to provide for their family and how they can manage their assets to safeguard their future bloodline.
PLAN
Visit us. Plain and simple. Start by filling out your Lifetime Focuser, which is a document that we can provide you, and really figure out how much you spend and what it is you want your money to do for you. This is the first big step in beginning to plan your financial future. Planning goes a long way and using our Lifetime Focuser to map out your finances ready for your Discovery Meeting with us is the perfect way to find out what you really want your money to do for you. Planning is important when you need to decide how you want your estate to be distributed when you leave your family. Without estate planning and a Trust procedure in place your family can expect to be handling everything after you’re gone, which may mean they face a lengthy legal battle and added pressure.
PERFORM
Now that you’ve spoken with us you have a decision to make; Do you want to act on what was recommended? Performing the plan that you’ve created with us is the perfect next step. Thinking about what you want your money to do for you is the start and now it’s time to put it into action and ensure that your family can survive financially if the worst was to happen to you, whether that be incapacity, disability or death. A Trust is the important piece of planning that will ease the inevitable financial and emotional stress that comes with losing a loved one. Trusts allows you to control how your assets move through generations. Act on your plan and put a Trust in place so you can rest safe in the knowledge that when you do leave your family your assets don’t become subject to claims from third parties such as the tax man, care fees or a spouse’s future partner.
PROTECT
Protect your family, protect your wealth, protect yourself. Be sure that the plan you have put into action is fully protecting you and your family. Are you a Business owner? Does the protection you have put in place cover your business loans and assets? Having these protection procedures in place ensures that if anything does happen your family are not met with more complications. Using a Trust to protect your assets or business can certify that your wealth stays in the family.