Whilst it would be nice, none of us have a crystal ball with the ability to see into the future. That being said, it doesn’t mean we can’t set ourselves up and put certain measures in place now, to help prepare us for any eventuality later on in life.
Many of us may want to live more in the present, but planning ahead is an easy way of ensuring successful outcomes in the future.
Managing your finances can be a complex and overwhelming task. When navigating investment options, tax laws, and fluctuating financial markets, it can be challenging to know how to make the most of your money. That is where financial advisers like BRI can come in. In this article, we will explore the benefits of working with us.
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Introduction
Providing your children with a quality education is a significant financial commitment, particularly in the UK where education costs can be substantial. It is essential to plan ahead and save for their future education to ensure that they have the opportunities they deserve. In this article, we will explore strategies specifically tailored to UK residents to help you plan for education costs and save for your children’s future.
Click for 8 steps to follow to invest in their education/futureMany parents want to give their children the best possible opportunities in life, and that starts with a great education. This is the reason why many parents opt to send their children to private schools. However, the rising costs from childcare right through to university fees, means that for some, additional finances and funds need to be allocated and set aside, solely for this purpose.
Have you started saving for school fees?Having a Lasting Power of Attorney and a Will in place is not planning to be ill and seriously unwell in the future, but instead simply making sure that should those unfortunate circumstances occur, everything is already in place to ensure your finances and future care will be well looked after. As it stands, family members are not permitted to automatically assume control of your assets, estate or healthcare in the event of sudden illness, loss of mental capacity or death. Both LPAs and Wills work in conjunction with each other, but each document defines different legal permissions.
Click for information on Wills & LPAsAre digital assets included in your current estate planning?
Digital assets are a growing part of many people’s lives as technology further integrates within our everyday lives, but can often be a forgotten part of estate planning.
Click for advice on how to plan & include digital assetsWhen it comes to dividing and allocating your estate, there are a few avenues that can provide some tax-relief when it comes to calculating your Inheritance Tax rate. That is to say, you are able to give away some of your estate tax-free – either as money or assets – to reduce your overall value.
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As our population continues to exceed their life expectancy, considering long-term care for ourselves or our loved ones is now more important than ever. This short series of videos will further your understanding of the practical steps involved with planning for long-term care.
Despite being incredibly easy to set up, approximately 60% of adults do not have a Will, and those that do, do not review these regularly, as is necessary. Wills not only determine how to allocate your property and estate to your chosen beneficiaries once you have passed but are used to appoint guardians for children and set up financial arrangements for their future, as well as detail your funeral arrangements.
To discover more in depth detail on how to put a Power of Attorney in place and all the available options, please watch this set of videos by registering below.
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