Looking After Families

Typically we meet individuals at the beginning of their working lives whose first priority is to get on the housing ladder.

What is often forgotten is the need to start planning for retirement at the earliest possible age because it is generally not appreciated that the bulk of a retirement fund is generated from the earliest contributions.

While we do not ourselves source mortgages in-house, we do have arrangements with other professionals in this specialist area.

Young couples with small children have an obvious need to protect the family through the income of one or both parents being lost through disability, ill health, accident, or untimely death. Reliance solely on state benefits provides for a future life at subsistent levels only.

We are also happy to advise on savings for children. 

Many children these days go on to university and here the state funding is inadequate with very often the student being required to meet tuition fees as well as contribute to accommodation cost and general living expenses.

Appropriate savings can soften the impact both for school fees and university education.

The onset of retirement and the investment of inheritances requires an ‘holistic' planning approach. At this stage there may emerge a need for planning for Inheritance Tax and Later Life Care to mitigate the often very substantial impact on family wealth.

Typically we will work alongside the family solicitor to set up appropriate Trusts to maximise the benefit to the next generation while enhancing the standard of living of retired individuals through efficient tax planning.