We take a look at the finances of three fictional heroes from the UK and discuss how financial planning could help them. While we had a lot of fun writing this article, it highlights several specialist areas of financial advice, and how versatile an adviser’s toolbox can be.
When nearing retirement we face the challenge of ensuring our funds will last. Increasing numbers of UK homeowners have been looking for alternative methods to increase their income in retirement and are turning to their property to supplement their pensions.
The executors of your Will need to pay any IHT before your assets can pass to your beneficiaries – which may prevent them from inheriting. Find out more about how you can legally mitigate your IHT liabilities.
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.
Now that contributing to employee’s pension is compulsory to compliance, the importance is shifting to not only providing a workplace pension – but to providing a great workplace pension. Find out more about the importance of pension scheme governance.
Can I make gifts as a Power of Attorney? It’s a common question, and the answer is yes – but there are strict rules to be adhered to. Neil MacGillivray, Head Of Technical Support at James Hay explains.