Keeping gifts of money in the family
Increasing numbers of parents are helping their children onto the property ladder. Money will often come from your own hard-earned savings or from a family inheritance so you will understandably want to make sure that your financial investment stays within the family. This article looks at options to assist your child’s property purchase and ways of […]
Appointing a guardian for your children in your Will
As parents, who would you entrust the care of your children to, were the unthinkable to happen? This question is not one many of us are comfortable considering as it is likely to stir up a lot of emotion and sometimes, conflict between parents who may have differing views. However, if you have parental responsibility […]
Long-term Care Planning: Get the Best Advice
Our SOLLA (Society of Later Life Advisers) accredited care fee planning team can help you create a robust plan for later life, in order to avoid difficult financial decisions for yourself and your loved ones down the line. Long-term care refers to the range of services available to support those who need long-term or permanent assistance in […]
What to do when someone dies
When someone dies, there are lots of practical issues to be dealt with, at what will inevitably be a very difficult time for the person’s family and friends. Here we outline the main things that will need to be done during those difficult early days. Family and friends can usually deal with most of the […]
Critical illness vs income protection insurance
Recent events have acted as a stark reminder about the importance of protecting ourselves financially – the pandemic has made us all aware that illness can strike at any time and of the devastating impact this can have on ourselves and our families. Here we explain the ins and outs of critical illness cover and […]
Directors’ pension: maximise business profit and provide for your future
You’ve invested years as well as considerable time and effort building up your business. So, the question now is: how do you extract the profits in the most tax-efficient way? The simple answer is, pension contributions. If you have a limited company, contributing to a pension can bring significant tax advantages. Pension contributions can be […]
Life insurance explained: Term vs. Whole of Life
If the Coronavirus pandemic has done anything, it has shown us that we never know what’s around the corner. So, while taking out life insurance might not be at the top of many people’s ‘to do’ list, it is arguably one of the most important financial products anybody can purchase. Over the past few months, […]
Dealing with your digital assets upon death
Like it or not, we live in a digital age where technology has changed the way in which we store our data and even our memories. Even if we are not aware of it, most of us will have digital assets of one kind or another. This begs the question as to how such assets […]
Can HMRC really take money straight from my bank account?
Potentially in the future, yes… but only if you haven’t paid your tax! In the budget the chancellor announced that HMRC were to be give powers to enable the direct recovery of debts (DRD) from a taxpayer’s bank accounts (including ISAs). Quite rightly this has caused much concern and been the subject of much debate […]
What you need to know about Wills
Thinking about making or updating your Will? Our wills solicitors explain why it’s so important – and how to get started. Why should I make a Will? By making a Will you ensure that the people you want to benefit from your estate, do so. You can be certain of the destination of your assets, […]
What is a lasting power of attorney?
A lasting power of attorney is a legal document which lets you pick someone you trust to make decisions on your behalf, if you’re unable to do so yourself. What is a Lasting Power of Attorney? A Lasting Power of Attorney is a legal document, which allows you to choose a person to make decisions […]
