Long Term Planning...
No one wants to organise a funeral – because it means you have lost someone that you love.
Many people struggle to chat to loves ones about death and life after they are gone, however it is extremely important to let relatives know your wishes and make plans for the future.
Brand new figures from the Association of British Insurers have revealed that around 2 in 3 retirees do not shop around when purchasing an annuity product.
When did you realise you were ‘old’? Was it the day of your 50th birthday? Because that’s how advertisers and the media would like you to feel; well, the ones that actually bother advertising to you, that is!
There comes a point in our lives when it becomes necessary to make a will. It makes sound sense because not leaving a will can cause untold problems within the family.
There has recently been a devastating blow to new retirees looking to secure a stable retirement income for life, as annuity rates fall to record lows. Is there still a place for annuities following the introduction of this year’s pension reforms?
There will be a new feature on the website starting in May 2015. Members are invited to send in questions re Long Term Planning, including advice on Probate, Wills, Equity Release and Powers Of Attorney.
As the pension reforms come into effect on 6 April 2015 – offering retirees flexible access to their pension savings – there needs to be a push for people to seek professional, personally-tailored financial advice.
Sadly, there will come a time when many people will have the distressing task of arranging the funeral of a loved one. Whether it's a spouse, parent, child or sibling, their death will be traumatic enough, but the thought of going into a funeral directors premises and not knowing what to expect, can be very upsetting and daunting.
Sometimes they're called Letters of Wishes, Side Letters or Expression of Wishes. Whatever you call them, they're not legally binding, but can serve a very useful purpose.
Image source/Rex Features
Welcome to part 2 of the bluffers guide to Equity Release...
Image source/Rex Features
The idea of equity release has been around since house ownership existed. Freeholds became leaseholds as rich landowners found themselves asset rich and cash poor, and therefore needed to release equity for their working holidays in Jerusalem. A fair segment of our current land law derives from the time of the crusades, but luckily has become much less crude over the years.
Some of you may have heard about Lasting Powers of Attorney. Those of you who have heard about them, probably think they're a really good idea... for your parents!
If you've ever used the services of a decorator, paying them on a daily rate, you'll probably think twice about doing it again.
I'm not making a judgement about decorators, but I am, as a customer, aware that it's easy to read into a delay, a desire for more money. I also had the experience, once upon a time, of a decorator, not realising I was a potential customer, sharing his philosophy that when on a daily rate, he doesn't stress about the job overrunning.