Poorly Prepared Succession: Lessons from a Personal Experience

When my father passed away, I was barely 18. His succession was not planned. The result: stress, complex decisions made in emotion, lengthy procedures... and a deep sense of injustice.

Today, as a financial security advisor, I realize how essential it is to prepare one's succession—not just for financial reasons but also to ease the emotional burden on our loved ones.

Succession and Real Estate: Beware of Pitfalls

Real estate is often at the heart of inheritances, but it can become a source of conflict if nothing is planned:

• Who inherits the cottage or the family home?
• Will the children be able to pay the taxes due on the inherited property?
• Should the property be sold or kept?

Without a clear will or succession plan, these questions can tear families apart.

What We Often Forget: Your Personal Wishes

When we talk about succession, we think about money. But there are so many other decisions that matter:

• Do you want cremation or burial?
• Do you want to donate your organs?
• Are you for or against medical intervention in extreme cases?
• Who will take care of your children if something happens to you?

All these decisions should be discussed and put in writing. It's a powerful way to protect those you love.

How to Better Prepare Your Succession?

• Write a clear and up-to-date will
• Prepare a protection mandate (in case of incapacity)
• Plan the transfer of your assets, especially if you own real estate
• Express your personal wishes, in writing and to your loved ones
• Meet with a professional to structure everything (notary, financial advisor, etc.)

What I Offer You

I guide you through this process with respect, clarity, and humanity, whether it's for:

• understanding the tax implications related to your succession,
• integrating real estate into your financial plan,
• or simply initiating the right conversations with your loved ones.

Book an appointment with me here for a free meeting: https://calendar.app.google/AkWBqXjc6NBmaGHb8

It's never too early to do it right.