In this episode, we are joined by Bruce Jenks, our Financial Adviser at Stewart Group, who shares valuable insights on legacy planning.
Legacy planning goes beyond simply writing a will, it involves ensuring that your assets are distributed according to your wishes and protecting the people you care about most. Procrastinating on this important task can lead to unnecessary complications for those you leave behind.
It's important to remember that legacy planning is not just for the wealthy or the elderly. Your legacy deserves your attention and proactive action—don’t leave it to chance.
📖 Want to dive deeper? Read an article on this topic by our CEO and Financial Adviser, Nick Stewart: Legacy Planning: Preparing for Tomorrow Today
⏰ Important time-stamps
(1:00) Introduction.
(02:02) Legacy planning explained.
(02:18) Understanding Enduring Power of Attorney (EPA).
(3:24) Is legacy planning only for the elderly or wealthy?
(04:32) Risks of not having a will or an Enduring Power of Attorney.
(07:58) Transferring physical assets smoothly.
(10:49) The role of an executor & choosing the right one.
(12:27) How trusts fit into legacy planning.
(13:17) What is a Memorandum of Wishes (MOA)?
(14:56) Bruce’s recommendation on how to get started with legacy planning.
(17:13) Who to contact for help and guidance?
(18:30) Why estate plan is essential?
(19:35) Finding Stewart Group.
The Adviser talk is also available on Spotify and Apple Podcast.
- Bruce Jenks (AIF, J.P.) is a Financial Adviser at Stewart Group and the Director of Stewart Group Trustee Companies, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions.
- The information provided, or any opinions expressed in this article, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz
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