Most people don't want to spend time thinking about what would happen if the worst happened. But part of a good financial plan includes thinking about protection, wills and financial planning for children and other dependents, if you encounter financial difficulties, are incapacitated or die.

For example, considering income or mortgage protection to cover the eventuality of a period without work may be something that's right for your family.

Likewise, making a will provides the reassurance that loved ones and dependents will be looked after in line with your wishes.

This type of planning does not need to be very costly or time consuming, but the peace of mind and protection it can bring are invaluable.