There is a widespread belief among people in the UK that they have no need for a “power of attorney” that would enable someone they trust to make important decisions on their behalf if they became unable to do so themselves, according to new research commissioned by wealth manager Quilter.
Protecting your family
Families fracture and fuse in complex ways that can make estate planning a nightmare. Here's how to ensure your assets go to those you want them to.
These are the various types of pension and what can be passed on in each case on the death of the pension-holder, according to Ed Monk at Fidelity.
Record numbers are saving for retirement, but the amount of money savers are putting into a pension is far too low. Liz Alley at Brewin Dolphin has a solution.
During the month of October members of the public aged-55 and over are able to get a will written or updated free of charge.
Property-rich baby boomers may find equity release schemes extremely tempting. But they should consider a few catches before they sign up.
'Think about who you want to benefit and get your will drawn so you and your family can have peace of mind,' warns the Law Society.
More people work beyond retirement age, so it's important you address financial issues that arise when you have new sources of income.
On average, first-time buyers must find 82 per cent of annual income to put down a 20 per cent deposit, so they need all the help they can get.
Revenue from inheritance tax paid on death surpassed £3 billion in the 2013/14 tax year, up approximately £300 million from the year before.