In 2018, it was reported by life insurer Royal London that 1 in 3 people have had to deal with the financial affairs of a loved one who’s passed away, but only 23% of those people had a document that included the personal and financial information of the deceased person.
Most adults admit that they would find it difficult to manage the financial affairs of a loved one who died, which is why it is important to create a simple document that contains all of your personal and financial details, as this will help make the administration process easier for your family and loved ones.
It is still highly advised that you create a will and have life insurance in place, but by creating an additional, up-to-date document of your details, you will help to protect them that bit further.
For more advice and information on protecting your loved ones in the event of your passing, contact us we can help and create the right documents and wills as well as the correct life insurance to meet your needs and requirements.
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