The threats to wealth and how to overcome them -
We work hard to make our money, we scrimp and save to make a better life for ourselves and our families and then what happens? Just as we get to a point where life seems good a whole new set of threats and challenges appear.
As we get older we naturally think about enjoying retirement and leaving something to the family to make their lives a little better after we have gone. To do this we all know that we need to make a Will and invest wisely, but we need to look at the threats to our wealth.
Threat One: World economic turmoil. If you have the answer to this then you should call
10 Downing Street and share it immediately, otherwise you should view the market uncertainty with some trepidation. Interest rates are at an historic low and the need for high quality investment advice is at an all time high. To navigate your savings and investments through these uncertain times you need good advice from properly qualified Independent Financial Advisors, call Tancreds on 01778 342291 for a free initial consultation.
Threat Two: The Taxman. If you have gained even modest levels of wealth, through property, investments or even inheriting from your relatives you will need to be aware that the tax man might want his share. Proper planning can avoid unnecessary tax bills and in many cases we can significantly reduce any liability to Inheritance taxes with some simple and cost effective steps.
Threat Three: Long Term Care. One in three of us will need some form of long term care as we get older. Good planning now can reduce the burden that is likely to fall on your shoulders and in many cases could protect your home and assets into the future.
Threat four: The cost of dying. Latest government estimates put the cost of dying at over £7,000, this includes funeral charges and the legal costs associated with probate. These costs are escalating at far more than both inflation and savings rates. You could fix them now and save your family money and heartache in the long run.
If you need any advice and help to protect your wealth call us now on (01778) 382723 for a free no obligation consultation.