Le Tour De France: Will Power To Achieve Your Ambitions

With the final stage of the Tour de France fast approaching you may be nervously anticipating who is going to take the yellow jersey! However, still fresh in many cycling enthusiasts' minds is the tragic passing of Andy Rihs, owner of the BMC cycling team who died on Wednesday 18 April 2018.

Rihs was a passionate cyclist, whose commitment to BMC helped them develop in both a sporting and economic sense. Rihs was also the chief benefactor of the team and his funding has reportedly been critical to the team. His subsequent death has left BCM co-owner, Jim Ochowicz, searching for sponsorship to keep the team afloat. The current sponsorship deal with the Rhis family runs until 2018.

Creating a legacy that lives on: protecting your passion after death

This set of tragic circumstances has reminded us about the importance of putting in place a will which allows, if that is wish, for the continuation of your passion, whether that be in the arts, sport or a charitable endeavour.

In doing so, key aspects to consider are:-

using the "right" structure of will to allow your executors to carry forward your legacy or vision appropriate executor and trustee appointments using a letter of wishes to explain how you would envisage your 'legacy' (in both the financial and wider senses) to be protected, maintained and developed over time Appointing executors and trustees who understand your vision and objectives is key. Of course, in many cases that vision will be protecting family members, loved ones, businesses and family wealth. In others it might be that plus a wider vision. In some cases a lifelong passion that has been cultivated and you wish to ensure it continues after death is the focus. This might be...