Planning for transfer of wealth at death

Ok. This is not a great topic that everyone wants to read, but a critical one that we all need to address in our lives.

No one lives forever..but the wealth that we generate can be passed on to our family and its next generation in the right manner 

Here is an interesting podcast from capital minds that I think is critical for everyone to listen to. podcast.

Here are a few critical points that I got which you can follow 

1. Ensure the right visibility to your family members on the investments you have made.. Or liabilities.

2. Make a will.. Without which your family members will have significant issues in accessing the funds. The podcast talks about some examples where spouse had significant issues.

3. Ensure the right access to the will. 

4. Create a plan on how to use the money basis your understanding.. Eg which fund to be sold if there is a requirement.

5. Nominations. One cannot emphasize this more. Get the nomination right in each and everyone of your assets. 

This as I said is not a comfortable topic.. But critical one for your family. 

To focus on this.. Its simplefinancialsense!