At some point in life, your loved one may not be able to make their own decisions. They may require you to make decisions for them and although it's a difficult situation to think about, it can be made easier through planning ahead. If your loved one can no longer make decisions regarding health or financial matters, it may be time to put a power of attorney in place. Power of attorney is a legal document which gives a person the authority to take care of the finances of someone who no longer can. It could be that they have become incapacitated or are in hospital temporarily and …
Archives for November 2018
Best Ways to Invest your Money
If you or your loved ones are thinking about investing your money but you are a bit lost on how to begin, this blog is for you! It gathers tips and suggestions to find your way in this somewhat obscure world of finance. Investing your money, this matter may seem secondary to some people. It is quite common to think that people need a lot of money before thinking about investing. But actually, just putting our money in a bank account is a form of investment. So, now that we realise that we are investing our money without really knowing it, it is important to focus on this question: …
A Guide to Pensions
The pension system in the United Kingdom is one of the oldest and most complex systems in Europe. It was developed by entrepreneurs in the form of pension funds at the very beginning of the industrial revolution. As the funded pensions have historically dominated the country for a century, most of the pension burden rests on the shoulders of private sector employees and employers through private insurance. The retirement system may appear very complex, which is why we have created this guide to help you and your loved ones understand it a little better. This guide is dedicated to …
Plan Ahead – Making Your Will
If your loved one doesn't have a will, then there's a chance their possessions may not be distributed correctly when they've passed away. We all know discussing death is never a pleasant experience, but when it comes to a will it's a necessary conversation to have to ensure that you're loved ones wishes are carried out. What is a Will? A will is a legal document which outlines what will happen to money, possessions and property (also known as an 'estate') when a person dies. If a legally recognised will has not been put in place then there's no guarantee an estate will be …
10 Ways to Save Save Save!
It’s not always easy to know how to manage expenses when your loved one only has a small pension. Once retired, income can decrease significantly, and it can be difficult to save money without having an additional income such as part time work. Luckily, many solutions exist to compensate, which is why in this article we have compiled 10 of the best and most effective ways to save money! 1. Write Down your Expenses Writing down expenses - no matter how big or small - is a good way to find out how much money your loved one has in their pocket every month. The first step is to …
