What to do when someone dies
What does the executor need to do next? How do you register a death? How do you obtain probate? All this, and more about the costs associated with passing on an estate from Wren Sterling’s Head of Later Life Advice.
Tag Archives: family
Resolving financial issues in family disputes
Disputes over matrimonial assets, arrangements for children, or in situations where parties are not married; in these scenarios Claire Colbert, Family Lawyer at Freeths explains the options available to parties hoping to resolve financial disputes.
Most people who invest a pension have no fail safe against falling ill
Originally published by thisismoney.co.uk 29/05/18 Four out of five retirees in income drawdown have no 'lasting power of attorney' set up, finds Zurich Investing a pension involves keeping on top of funds throughout your old age Having an LPA set up means someone you appointed takes over if you are ill If not, families face [...]
How can you save Inheritance Tax (IHT) on your home?
Structuring your estate correctly can lead to big savings if you understand the complexities of inheritance tax Currently all individuals in the UK have a nil rate band of £325,000 each. This means that on death, if the value of your estate (all your cash, assets, investments and personal chattels) is less than £325,000 (or [...]
Financial education in the workplace
What is financial education? How does it help employers create a competitive benefits strategy? Sarah Herd explains how she works with clients to create strategies to retain and engage employees.
Using trusts to preserve wealth for future generations
Varied and versatile, your adviser may discuss trusts with you when making their recommendation. They’re a useful part of an adviser’s tool box – allowing you to set aside assets for specified beneficiaries. Find out more about how they can be used, and the controls you can set.
Will the taxman be the main beneficiary of your estate?
News headlines of tax avoidances schemes can be unsettling, especially if you worked to protect the assets you have a built up over many years to go to your chosen beneficiaries rather the tax man.
Is your children’s lifeline of credit leaving you in need of a lifebelt?
The Bank of Mum and Dad is now our ninth largest mortgage provider, up a place in the rankings from the year before. And the parental (and grand parental) generosity doesn’t stop there. Justin Urquhart Stewart, of Seven Investment Management, expands on families financial habits.
Are you making the most of your financial adviser?
Clients are often referred to a financial adviser by a friend, family member, a colleague or sometimes through their employer. Why do they do this? What value do they see in financial advice?
Keeping it in the Family
There has been much excitement about the announcement of pension freedoms. For those who are looking to provide a legacy rather than a retirement income, here’s our top tips from 2015.