Wills and Succession Planning

BD Wealth Management works in different jurisdictions. This information is for general information only and does not seek to give legal advice or to be an exhaustive statement of the law. Specific advice should always be sought for individual cases.
Header graphic
Facebook
LinkedIn
Dying intestate, or without a will means there will be no asset protection structures, such as trusts, to control the management of assets for young or vulnerable beneficiaries

Tax mitigation strategies are unavailable costing your estate substantial amounts of money - all for the sake of not spending some time getting your affairs in order

The ultimate destination of cash, personal effects, property and other assets which would otherwise pass in accordance with set rules called the rules of  intestacy.

The rules of intestacy may:•  may limit the amount that your spouse or civil partner will receive;
•  entitle unmarried partners to nothing; and •  allow children to inherit at age 18.
A properly drawn up will enable you to:
•  Choose who inherits your estate
•  Avoid the Laws of Intestacy
•  Help reduce Inheritance Tax
•  Reduce problems for those left behind
•  Choose legal guardians for your children
•  Choose your own executors
•  Set up trusts - either simple or more flexible trusts to cater for how and when someone benefits
•  Make charitable donations
Beneficiaries - these are the people who "benefit" from the proceeds of your estate.

Executors - these are trusted individuals who will take responsibility for settling a your affairs after your death, in the way they would wish.

Guardians - these make important decisions about the children under their care such as where they should live, which school they go to, whether they are brought up in accordance with a particular religion and medical treatment, if required

Trustees - often the same people as the executors, trustees may hold and manage assets for the benefit of others. they are responsible for making sure that the terms of the trust are carried out.
BD Wealth Management, and corporate entities forming part of BD Wealth Management, is licensed in various jurisdictions around the world, however, the products and services offered by the respective BD Wealth Management entities may vary per jurisdiction. BD Wealth Management does not warrant, either expressly or implied, the accuracy, timeliness, or appropriateness of the information contained on this website. For more country-specific products and services offered by BD Wealth Management please contact us and a local advisor will be able to give you specific details.  The information contained in this Site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved and your country of residence. Before making any decision or taking any action, you should consult a BD Wealth Management Financial Advisor.  BD Wealth Management disclaims any responsibility for content errors, omissions, or infringing material and disclaims any responsibility associated with relying on the information provided on this website.  
© 2015 BD Wealth Management
If you die without a valid Will you will almost certainly cause problems and even financial difficulties for those you leave behind. Making a Will clarifies the issues most of us would not wish to burden our family and friends with when we die.
Too many people fail to make a Will because they erroneously believe their estate will simply pass to their spouse or children when they die. Our team will advise you on the options and how to make sure that your wishes are implemented.
If your financial or personal circumstances have changed substantially, or any of your beneficiaries have predeceased you, or you have become separated from their spouse, then you should review your Will.
Succession planning isn't just about making a will. It's about devising a strategy to ensure that the benefit of your assets passes to the right people, at the right time and that the right controls are in place when that happens.
BD Wealth Management can advise on the best way to pass on your personal and business assets, whether during your lifetime or on death. We take the time to get to know our clients and their priorities to ensure that their families are properly cared for, that their assets are protected and that their business can continue running without them.
Most people are worth far more than they realise as they often fail to take into account life insurance and benefits from employers.