Financial
Advice and experience to help you support and protect your parents and their rights.
Financial planning for your parents as they age
Collaborative Post As your parents or loved ones get older, their financial landscapes will start to look dramatically different and so will their needs change too. It’s never easy to see our parents age. With age comes a whole new body of challenges and issues that extend past healthcare and general aches and pains. Helping […]
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Financial planning – the secret to a happy retirement
Collaborative Post We all want to be as happy as we can. That’s true for all periods of our lives. However, there are some periods when happiness is slightly more valued than others. Take retirement, for instance. Having worked hard all your life, you’ll want to spend your retirement years in peace, comfort, and happiness. […]
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The Next of Kin Myth
There’s a strong belief that if someone loses capacity to make decisions for themselves for some reason – perhaps an accident or dementia – then the next of kin can take responsibility. But actually both the concept and the rights of next of kin are not as clear cut as we might think. Here are […]
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Dementia and money management
What happens when you realise a relative is struggling to manage their money because of advancing dementia? You won’t be allowed to take control of their bank account just because you’re a relative. Whether or not you have set up Power of Attorney – and that is by far the best option – there are […]
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Underpaid State Pensions affect 134,000 people
In the continuing sage of the people who were underpaid State Pensions to the tune of £1billiion, it’s now thought that around 134,000 mostly women have been affected. The catalogue of errors that created the shortfall, uncovered originally by This is Money, has been heavily criticised by the National Audit Office. The problem has seen […]
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Do we really need a Health and Welfare Lasting Power of Attorney?
When you find a family member or friend isn’t able to manage their own affairs for some reason – illness or accident perhaps – it’s really useful to know that someone else can swiftly step in and take decisions on their behalf. That’s why we have the option to set up Lasting Powers of Attorney […]
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How to Protect Your Valuables as You Get Older
Collaborative Post Keeping track of all of your possessions can be difficult as you get older. You might find that you’re constantly misplacing items, and have to spend five minutes rooting around for your keys every time you leave the house. For smaller, more valuable items, this problem is even more pressing, as these are […]
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What happens to loyalty scheme points when someone dies?
It’s one of those things we wouldn’t think about when making a Will, but what happens to our loyalty programme points when we die? It’s worth a few minutes to understand the rules surrounding end of life for us and those for whom we act as executors. Below are summaries of the applicable Ts&Cs of […]
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What’s new in finance and money management for older people? July 2021
Whether you’re helping an older relative or friend to management their finances, or are planning for your own retirement, here are some updates you many find useful. Women’s pensions It looks like the ‘Waspi’ (Women Against State Pension Inequality) generation of women could receive some sort of compensation for their lost pensions after all. The […]
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The pros and cons of equity release
Collaborative Post Equity release helps provide homeowners with a sum of money or an income in exchange for part of the value of their home. It’s ideal for people above the age of 55 who need an injection of cash to help supplement them, but don’t want to sell their home. Why do people choose […]
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