Keeping the details of one’s estate plans shielded from as many people as possible may seem like a great strategy for protecting one’s assets to many people.
“While it may sound the premise to a bad television cop drama, the actuality is that the contents of one’s will shouldn’t always be kept a secret until after they pass away”, says Richard Meyer Cayne of Meyer International in Bangkok, Thailand.
This is a conversation that needs to be had, regardless of how uncomfortable it may make you feel.
While your will may detail the instructions for what you’d like done with your assets after your death, there are also both document and asset locations and additional information that should be shared with your executor and at least one of your heirs.
Furthermore, you will likely want to include information pertaining to the beneficiaries of your will. Explaining your will to them will also serve as a confirmation that the contents of your will are correct. Don’t necessarily assume you have their birth dates, proper names and other information 100% correct until you’ve made certain.
Additionally, situations that may or may not affect your strategies for estate planning also need to be taken into account as very real possibilities.
While a safety deposit box in a bank is an excellent location for important documents like a will, do your heirs and executor have access to that box in the unlikely event that you find yourself incapacitated or deceased. Does your will have detailed asset information? Do your heirs and executor have a record of that information that they can access somewhere?
In the digital age, most (if not all) of our accounts require us to provide some form of password and username data. When executing your will, it’s also important that you keep a record of this data in a safe, accessible place for your executor and heirs. While that may seem counterintuitive to some people, there are many ways of implementing it in a safe and secure fashion.
A trusted financial advisor like Richard Cayne can assist in your estate planning and helping you decide how much information should be disclosed and to whom. Estate planning takes a lot of time and thought. Why should your heirs have to go through additional unnecessary obstacles when the time comes?
Richard Meyer Cayne of Asia Wealth Group Holdings, the Meyer Group, Meyer Asset Management and Meyer International Ltd has been involved in wealth management planning for decades. Originally born in Montreal Quebec, Canada, he later relocated to Tokyo, Japan for over 15 years and now resides in Bangkok, Thailand. While he runs the Meyer Group and serves as the high credibility CEO of Asia Wealth Group Holdings Ltd, a London, UK Stock Exchange-listed Financial Holdings Company, as well as the Managing Director of the Meyer Group of Companies www.meyerjapan.com. and has additionally been the managing director of multiple organizations that specialize in helping high net worth individuals with succession planning .
Having worked with clients all over the globe with everything from portfolios to bonds to mutual funds to offshore investing to investing in retirement for your golden years, Richard Cayne of Meyer International can help you invest the right way and protect your cash. Richard has been a financial advisor involved in wealth management planning solutions and asset management in Asia for over 25 years and while living in Tokyo, Japan, he assisted many high net-worth Japanese families create innovative international tax and wealth management planning solutions. The financial holding public company of which he is CEO can be seen at Asia Wealth Group Holdings Ltd or the stock exchange link:
Asia Wealth Group Holdings Ltd – Richard Cayne Thailand. Meyer Asset Management Ltd has been in the wealth management space since March 2000 and uses fundamental analysis along with modern portfolio theory.
His image worldwide as a professional advisor has been sterling and he maintains a firm command and understanding of all things finance-related.