Mortality is a scary thing to contemplate. But sooner or later, we all have to shed these mortal coils. One of the things that most people don’t really do is leave their affairs in order. This leaves behind unnecessary complications for our family and friends; land can get caught up in probate, and money can get stuck in banks behind rule- conscious managers. The best way to ensure that whatever you possess is passed on to the right people is to leave instructions in a will. Sometimes, merely leaving money won’t be of much value since the exchange rates are rising, so let’s look at a few alternatives.
Everything that Glitters IS Gold
Authentic jewellery is the one thing that is guaranteed to increase its value in time, or at least to return to its original value. This is especially true of gold, while other precious metals like silver and platinum also hold high value. Precious stones like sapphires and emeralds can hold high value if cut and polished properly, and antique jewellery such as cameo brooches or chokers have collective value as well. You can also buy jewellery that is backed by a designer label which is added value and an insurer’s dream so that your legacy will have more weight that way.
Home, Home on the Range
Maybe not on the range, but property is another asset that will not see a dip in value unless the high prices are created artificially through a bubble, or the land/ house is stuck in the middle of nowhere. Investment property is a wonderful legacy to bequeath instead of simply money as the receiver can continue to hold on to it as an investment, sell it or develop it, or live in it. Old houses that need a bit of repair make excellent independent property investment advice Melbourne as they are cheaper due to the fixer- upper but have solid foundations that can weather change. Not to mention that old houses have a charm of their own.
Stocks, Bonds and More Money
This is a risky investment to leave as a legacy as the fortunes of the stocks you bought can change several times before it is passed on. There are however, several steps you can take to ensure that you invest in the right company, such as speaking to professionals, reading up and studying the stock market, as well as backing a winning horse; most bankruptcies don’t come out of nowhere. Leaving a sizeable stake in a business that makes money is a wonderful legacy, especially as it is not just money, but a source of income that is potentially limitless.