Royds Withy King unveils exclusive Life Safe legacy management portal
Law firm Royds Withy King has today announced the launch of Life Safe – an exclusive legacy management portal which will allow people to keep a secure record of all their important documents, digital assets and treasured possessions in one place.
Life Safe is an ultra secure, online vault created by Royds Withy King’s dedicated Private Wealth team that provides a double encrypted location where clients with complex legal needs can store and keep track of their affairs.
These might include their Will, Lasting Power of Attorney, pre-nuptial agreement, property or trust deeds, contracts and other legal documents as well as passports, insurance policies, share certificates and vital information on property or investment portfolios. Increasingly, Life Safe is likely to be used to store digital assets, such as passwords to social media, bank and cryptocurrency accounts, and records of physical assets, including photographs of artwork, antiques, jewellery, cars and collectables, sporting memorabilia and sentimental items.
Life Safe can also be set up to issue alerts reminding the owner of renewal dates and deadlines as well as to provide an at-a-glance wealth overview to assist with financial management.
Francois Louw, Bath Rugby flanker, South African international, and a client of Royds Withy King and early adopter of Life Safe said:
“During my career, I’ve accumulated caps and other rugby collectables which have financial and sentimental value. Life Safe is a genius way of keeping records of everything securely in one place. I think it’s a great idea.”
He added: “As a professional rugby player, I spend a lot of time in training and out on the road, in the UK and internationally, and it can be difficult to keep on top of my paperwork – even the important stuff. I’m concerned about how to safeguard the sporting memorabilia I’m collecting, not to mention important documents and passwords, for the future.”
Will MacFarlane, who heads up the firm’s Private Wealth team having joined as a partner earlier this year from Withers, said:
“Life Safe is available exclusively through Royds Withy King. It provides a simple yet secure way for clients and their families to keep safe their most important documents and develop a record of their valuable and treasured assets. Should the unimaginable happen, such as a sudden bereavement, a fire or a burglary, Life Safe provides clients with peace of mind knowing that their affairs are in order and that they, or their loved ones, will be able to access the information they need.
“We know that legacy management is a huge issue for clients. This is particularly the case for those needing to keep accurate records of assets in multiple locations – for example in relation to international property portfolios or extensive collections of classic cars, jewellery or heritage assets. Life Safe is an innovative solution to these issues and one which we are excited to be able to bring to the market for the first time.”
The creation and launch of Life Safe follows the launch of a dedicated Private Wealth proposition for Royds Withy King’s business and private clients with complex and multi-faceted legal needs.
Royds Withy King Private Wealth is underpinned by a raft of specialist services relating to tax and estate planning, property investment, art collections and heritage assets, racing and bloodstock, international divorce and family work, privacy and reputation management and the tax efficient release of wealth through the sale of a business.
Graham Street, managing partner at Royds Withy King, said:
“We are always looking for new ways to help our clients to deal with the challenges and opportunities that lie ahead. We anticipate that Brexit in whatever form it takes, will bring uncertainty and new economic pressures, so we are pleased to be able to launch innovative products and added value services which will make life easier for our clients and their families.”
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