Making a gift to your family and friends while you are alive can be a good way to reduce the value of your estate for Inheritance Tax purposes, ensuring those closest to you benefit from a lifetime of your hard work. Estate and tax planning is a complex area and professional financial advice can help
It is a sombre thought to think about what happens to your family once you are gone, or what happens should your spouse pass away prematurely. However, with increasing life expectancy, many more are shunning widowhood and are instead searching for a new partner with which to enjoy a later-life romance. Marriage rates for over-65s
“I’ll do them when I am older.” If I had a pound for every time that I had heard that phrase when asking about Wills, then I would be significantly more wealthy. Unfortunately, as we all know, there are only 2 certainties in life – and suddenly taxes seem the more appealing. As the pandemic
As a Wealth Strategist, one of the things that you learn at a very early point is that it is not the amount of money you have that makes you happy, it’s what you do with it that gives the enjoyment. And, although the richest clients are not necessarily the happiest, it is also true
There are likely to be many long-term changes as a result of the current pandemic. Many people will be taking a long, hard look at their pre-COVID existences and starting to consider what is really important in life. The idea of selling the family business and sailing off into the sunset might well be a
The average age for a UK adult to become a parent is 29.8 years old. By this point, most people should have at least a basic understanding of how to look after their finances. They should be contributing to a pension. Some will be diligently saving into ISAs in the hope of becoming an “ISA
Working from home and keeping the team culture alive can be difficult during these COVID-19 times. But, we have worked hard to make sure we continue in the same way we did in the office. Part of this has been to keep up the element of team fun and we have found Zoom fantastic for
Financial planning is all about setting plans and expectations. Imagine you’re starting a business. A business plan is essential in order to acquire funding, renting office space, and generally getting started. Most of us learned this by the time we were sat in GCSE Business Studies and perhaps we have even had experience writing one. However, so many people don’t follow this for their
Wills. Something that we put to the back of our minds. Something to sort out later on when you are old and grey. As it has been said, the only certainties in life are death and taxes – and a certain Mr. Trump has shown that even taxes may be optional. So, we get back
Writing a Will is the only way to ensure your wishes are carried out as you intend on death. Without this your estate will be subject to the intestacy rules, meaning you have no control over its’ administration, creating heartache and uncertainty for those you have left behind. So why should you get a Will?
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