What Happens To Your Money When You Die? - with Sheetal Jethwa

Sheetal Jethwa is the Operations Director of Vistaara Financial Solutions, and has over 15 years experience in HR and business management both in the public and private sector. Sheetal joins Jessen on this special episode to explain the sometimes complicated question of what exactly happens to our financial estate when we pass on, and how best we can protect the legacies we work to create during our lifetimes. KEY TAKEAWAYS Protecting our financial legacy benefits not just ourselves while we live, but also the futures of our children, grandchildren, and generations yet to come. Financial education in the world of today is a crucial tool that should be taught to everyone. money plays such a significant part in all our lives, and yet no formal education is ever given. Death is an inevitable part of our existence, and yet we still treat it as a taboo, uncomfortable subject. We must put in place measures such as wills and arrangements, and discuss them openly. This will save our families much pain and complication. A popular myth is that if an estate is passed into a trust, then inheritance tax can be avoided. This is NOT TRUE. Certain assets can be put into trust, but the rules are complicated. Always seek the guidance of a professional. BEST MOMENTS 'You can protect your money when you're no longer around' 'For me, it's about passing on the knowledge that I have' 'Having a will put in place is super, super important' VALUABLE RESOURCES Mind Over Money Podcast - https://omny.fm/shows/mind-over-money    Vistaara Financial Solutions - https://vistaarafinancialsolutions.co.uk/about-base/meet-the-team/ ABOUT THE HOST Jessen James Jessen has spoken to and trained thousands of entrepreneurs all over the world, and has featured on Channel 5's Rich House Poor House. Having built, bought and sold multiple businesses himself, Jessen has had some amazing wins and some rather spectacular fails too! He now dedicates his time to serving others to better their lives and businesses by sharing his learnings. Get in touch today. CONTACT DETAILS Website - https://www.jessenjames.com/LinkedIn- https://uk.linkedin.com/in/jessen-james-%F0%9F%91%88%F0%9F%8F%BD-31380968Twitter - https://twitter.com/jessenjames7EMAIL [email protected]  This show was brought to you by Progressive Media