I'm at the point of my life in planning the minute details of Succession, it is not enough to have a Will, a living Will and an Enduring Power of Attorney drawn up and just left at that. I have to discuss my Financial decisions and actions with both my sons. An opportunity to explain my Long Termed strategy and taking into account their level of lifestyle. Some Investment assets are better transferred into their hands directly 'In Kind' to preserve a consistent passive income rather than liquidated into cash. Others, like short termed notes may be liquidated only for tax treatment purposes. My children are learning from me the machinery of the Family's inter generational financial plan. So when I'm gone, they will know exactly how it will work under their care and adapt it to their needs.
There's lots to do @florakese

!LADY