Have you thought about your kid’s inheritance? £2.8 trillion pounds needs to move from one generation to the next. It’s a challenge we’ve never had to deal with before, with more people turning 65 every year for the next decade than ever before.
Thinking about retirement, legacy, leaving money to your children is something you need to think through to avoid unintended consequences. Too few families get together to discuss parent assets and what happens when they’re gone, what if children get divorced, how does it get split. Can often have disproportionate impact on next generation unless consequences are thought through.
Getting the whole family together eg tax you pay, where sit, access and how invested, what impact you want to have is crucial. W
Sign up FREE today for unlimited access:
- Book appointments
- Free expert advice & tips
- Premium videos & audio
- Curated parenting newsletters
- Chat with your bloss community
- Discounts & competitions
- Special events
At a glance Some women lack confidence when it comes to money and this can have a big impact on their wellbeing, preventing financial independence and hindering their ability to plan for the future. This lack of confidence can be due to their upbringing and emotional connections to money. To regain a sense of financial […]
Look to invest birthday money from family & friends into a Junior ISA Speak to your children about the value of money Consider starting a pension for your child and benefit from tax savings Take out income protection to cover child care costs if you have an accident or injury To continue viewing… Get FREE, […]
At a glance: The majority of women have no income-protection insurance, meaning they could be financially vulnerable in the event of sickness or injury Employer sick-pay schemes aren’t guaranteed, and statutory sick pay could still leave many households struggling to pay the bills An adviser can explain the different levels of income-protection insurance and help […]