August 08, 2014
Mortgages and Wills
This is not our favourite subject, is it!
The last thing we want to think about is our inevitable death - but have you thought about what will happen financially when you die?
Not having a will can create huge problems, including financial hardship and family conflict.
Consider protecting your loved ones from hardship and angst by preparing your will and your finances - do not leave them with the anxiety of who will pay for your mortgage and other loans without your income.
A few simple steps will put you and your family at ease.
- Engage a financial planner can help plot out your financial future
- Life Insurance protection is invaluable - total and permanent disability cover and income protection are good options to protect your family.
- Communicate the contents of your Will with your family
- Clearly document all loans and bank accounts and credit card debt
So don't delay - handle the tough stuff and you can get back to having fun and living your life, secure in the knowledge that you have taken care of your family.