Financial
Advice and experience to help you support and protect your parents and their rights.
What to do when you are named as the executor of a will
By Jodie Wielgus, Ramsdens Solicitors One of the most important aspects of caring for an older relative or loved one is helping them sort out their financial affairs, ensuring they are able to enjoy their twilight years with peace of mind. This means helping them take care of their assets and obligations while they are […]
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The ultimate guide to avoiding online fraud in 2020
The Covid-19 pandemic has given us the opportunity and challenge of introducing older family members to the pleasures and pitfalls of the internet. But avoiding the predators is a long-term task. And it won’t be an easy one for anyone who isn’t constantly up-to-date and alert to the latest attempts to steal their data and […]
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Caring for your parents financially: tips to guarantee them the best quality of life
Collaborative Post We all think about retirement as a golden period of low stress, free time, hobbies that you never seemed to have time for, and endless vacation. If you are thinking about retirement in that way, you are probably also planning where your home will be by then and what support you will have. […]
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Coronavirus crisis creates new ways to scam older people
While ‘traditional’ crimes such as burglary seemed to be on the wane during the lockdown, there’s been no rest for the scammers. New attempts to relieve the population of their cash include: Fake NHS Test and Trace messages, asking people to call a premium rate number, make a purchase, provide social media log-ins, hand over […]
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How to help ageing parents with debt
Collaborative Post Debt among over-65s is on the rise. It’s a big cause of stress and depression in older people, and can take its toll on many people’s physical health. If your parents are struggling with debt, here are some of the ways in which you can help. Why older people get into debt There […]
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Lessons from a story of financial elder abuse
When an older relative is struggling to manage their money and their daily household, it’s often time for a responsible and caring relative to step in. Many apply officially for Lasting Power of Attorney and some unofficially start to help managing the money. Problems do sometimes occur when the guardians of the money are tempted […]
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Tips on updating wills and LPAs while social distancing
While many people are hoping for the end of lockdown restrictions, for the older and vulnerable, social distancing remains the best option. Yet it continues to be important to keep estate planning, wills and provision for future challenges up to date. That includes putting measures in place to make life easier for all the family […]
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Cutting down on costs – how to manage retirement
Collaborative Post Many people spend a long time looking forward to retirement. The idea of giving up work and having enough time to do exactly what you want feels luxurious and amazing when compared with the usual daily grind. But the truth is that retirement isn’t always easy, and when it comes to finances it […]
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Protecting older people from tax scams
Today’s scammers try to take on any persona possible to relieve the vulnerable of the contents of the bank accounts, or even their savings and investments. A particular favourite at the moment seems to be fake messages from the tax office, demanding payments or even offering to help with refunds from HMRC. What sort of […]
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Banking scams, refunds and protecting the vulnerable
Financial scammers are ingenious and credible, and they prey on the vulnerable. That makes older people particularly susceptible. A new scheme should help to combat this form of fraud. Older people tend to be more trusting, and less informed about the methods that criminals will use to relieve them of their savings. And it is […]
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