Wills and Trusts: Are you covered?
Many of us prefer not to think about what would happen in the event of our death, but the consequences of not having plans in place can be devastating. Without the right planning, it is a fact that children can be taken into care if both parents die. According to guidance from the British Bankers Association, if you don' t have an enduring power of attorney in place then your partner will not be able to access a joint bank account should the worst happen. Did you know that in order for medical decisions to be challenged, such as the continuation of life support, you need to have a lasting power of attorney?
At SLR, we are concerned our clients may not be aware of the consequences of not planning for complications in life and death. We have attended training presentations to be able to refer our clients to experts who can advise, with individual advice for your circumstances. To arrange your free consultation please contact us on enquiries@slric.com.
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Pensions Freedom: What does it mean for you?
There has been widespread coverage of the new rules on pensions, and we were particularly interested to see This is Money's article highlighting fears of a retirement advice 'black hole', as those with modest savings are priced out of help when pension freedom kicks in. With advisers routinely charging flat-fees of £1,000-plus for their services, PwC says those with modest pension pots worth won't get value for money.
Read the full article here.
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ISA or Investment?
We have had some delighted clients in recent months, who have made a 12% return on a one year property investment. With cash ISAs typically paying 2.5% or less, it is well worth exploring your options.
Contact us at enquiries@slric.com to find out more:
- 1, 3 or 5 year term
- Property asset backed
- Available for cash and pension investment
- Fixed returns
- Low entry level
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