A number of things (to consider, put in place, think on).
Options include .......
1. If you worked for years in the UK, then it's likely you'll have a company pension.
This can be passed onto your widow (at a reduced amount), but you'll have to stipulate
this to the Trustees.
2. Many in the UK now see their house as their "savings", their "nest egg". I assume
that you have a house in Spain .... and the question has to be, if you are not around,
is it likely that she will continue to live in Spain ? Eur250-300,000 will go a long long way
in the Philippines
(Eur70,000 for house ..... Eur200,000 in the bank = about Eur6,000 per year interest = 365,000 peso)
3. A term life assurance policy. Something like £20pm should cover you (ie her) for a
£20,000 pay-out for the next 10yrs.
