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What risks do entrepreneurs face if they don’t plan their succession?

Submitted by eigenaar on September 15, 2025
Question
What risks do entrepreneurs face if they don’t plan their succession?
Answer

According to HSBC, 66% of global entrepreneurs have no exit plan. This lack of preparation can lead to business disruption, leadership gaps, and family conflict. Proactive succession planning reduces these risks and keeps operations stable.
👉 More in our blog: Legacy Planning for Entrepreneurs: Passing on Values, Not Just Value

Why is legacy planning especially important for entrepreneurs?

Submitted by eigenaar on September 15, 2025
Question
Why is legacy planning especially important for entrepreneurs?
Answer

Research shows that 66% of entrepreneurs have no exit plan and only 40% of affluent individuals have a written will. Without planning, business continuity suffers, decisions stall, and company value may erode. Legacy planning helps protect not only your assets but also your business culture and family values.
👉 Read more in our blog: Legacy Planning for Entrepreneurs: Passing on Values, Not Just Value

How can Life After Me support my estate planning?

Submitted by eigenaar on September 15, 2025
Question
How can Life After Me support my estate planning?
Answer

Life After Me provides a secure platform to store essential documents, insurance details, passwords, and recorded wishes. You can share access with Trusted Appointees and designate your estate planner as an Expert Adviser. This preparation makes your estate planning discussions more effective and reduces future stress for loved ones.
👉 Learn how: Getting Started with Estate Planning

How does estate planning relate to digital inheritance?

Submitted by eigenaar on September 15, 2025
Question
How does estate planning relate to digital inheritance?
Answer

Estate planning now also includes digital possessions such as email accounts, cloud storage, and social media profiles. In the EU, digital inheritance even falls under GDPR rights for data access and erasure. Documenting and storing this information ensures heirs can access or close accounts when needed.
👉 More in our blog: Getting Started with Estate Planning

Which documents and information should I prepare for estate planning?

Submitted by eigenaar on September 15, 2025
Question
Which documents and information should I prepare for estate planning?
Answer

You can start by creating a clear overview of:

  • Finances (bank accounts, investments, pensions)

  • Insurance policies (life, home, health, funeral)

  • Mortgages and property deeds

  • Digital assets (online accounts, passwords, cryptocurrencies)
    Also record your personal wishes — such as inheritance distribution, funeral preferences, and charitable donations.
    👉 See details in our blog: Getting Started with Estate Planning

What happens if I don’t have an estate plan?

Submitted by eigenaar on September 15, 2025
Question
What happens if I don’t have an estate plan?
Answer

Without estate planning, families may face delays, financial surprises, and unnecessary stress when trying to manage your assets. Important documents, passwords, or wishes may be missing or unclear, leaving loved ones with avoidable burdens.
👉 Learn more: Getting Started with Estate Planning

What is estate planning and why does it matter?

Submitted by eigenaar on September 15, 2025
Question
What is estate planning and why does it matter?
Answer

Estate planning is the thoughtful arrangement of your assets and legacy. It goes beyond tax and legal paperwork — it ensures clarity, peace of mind, and certainty for you and your loved ones. With proper planning, you decide how your financial and digital possessions should be managed and passed on according to your wishes.
👉 Read our full guide: Getting Started with Estate Planning

What happens if essential documents are missing?

Submitted by eigenaar on September 15, 2025
Question
What happens if essential documents are missing?
Answer

If documents can’t be found, families often face delays, legal costs, and unnecessary stress while piecing things together through solicitors, banks, and insurers. Good preparation avoids confusion and ensures a smoother process.
👉 Full article: Which Documents Are Essential for Your Estate Plan?

Should medical and funeral wishes be part of my estate plan?

Submitted by eigenaar on September 15, 2025
Question
Should medical and funeral wishes be part of my estate plan?
Answer

Absolutely. Advance treatment instructions and funeral preferences reduce uncertainty and conflict during emotional times. By documenting them, you ensure your loved ones don’t have to make difficult decisions without guidance.
👉 Details in our blog: Which Documents Are Essential for Your Estate Plan?

Do I need to include digital assets like crypto in my estate plan?

Submitted by eigenaar on September 15, 2025
Question
Do I need to include digital assets like crypto in my estate plan?
Answer

Yes. Digital assets such as cryptocurrencies, trading accounts, and online wallets should be listed with login details and security codes. Without this, valuable assets may be lost forever.
👉 Learn more in our blog: Which Documents Are Essential for Your Estate Plan?

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