Welcome the first ever Five Minute Friday, where I'll deal with a subject or question in (hopefully) less than five minutes. Today I answer David from Wigan's question about whether...
The best financial planning spans generations.
Later life brings some unique challenges. What if we need care? How will that be paid for? Will my entire wealth be spent in care fees? What if I run out of money? These are important questions which need to be addressed.
Also, our minds may turn to what happens after we're gone. How can I provide for my family in the best way possible? How can I make sure the tax man doesn't take too much of my estate? How can I ensure that everyone knows my wishes?
In this section of the site, I seek to address these issues, and offer solutions to each of the major concerns of those looking to finish well.