As people live longer there are new aspects to estate planning people now need to consider, said Franks.
“Care needs are increasingly becoming a part of the conversation - it is that balance between wanting to leave assets behind and having enough to pay for care,” she said.
“Because people are living for longer there are also multi-generational benefits to think about.
“It is about having an understanding of that and developing an investment proposition for the initial investment and these different generations of beneficiaries.”
Octopus has a team of specialists who cannot give advice but can help advisers when somebody dies holding one of their products.
Franks added: “When someone dies it throws up an awful lot of admin, one of things [the team] does is helping beneficiaries understand what they have inherited.”
tara.o'connor@ft.com
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