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There is still good reason to use trusts in estate planning, often for reasons which are not purely financial.
It is only when someone passes that many people find how unprepared they are for the event. Where is the will, what are the bank account numbers, where are the insurance policies, car registration documents? The list goes on and on.
Creating a will and planning your estate is not everyone’s idea of fun. It requires you to confront issues like incapacity, death and taxation. However, National Wills week taking place from the 13th to the 17th of September, presents itself as a reminder that it’s a vital exercise that should not be delayed.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?