These are difficult questions at the best of times but much more so when your world has been turned upside down and you are experiencing grief and pain. Some of the financial hardship can be mitigated if you did your estate planning carefully.
Having clarity over wills, funeral arrangements and financial arrangements can ease the hardship, especially if you were the one who looked after the family finances. But many surviving spouses find themselves suddenly confronted with having to manage complicated finances for the first time in their lives.
When we lose a loved one, we aren’t always able to think clearly. Distress can interfere with our ability to make financial decisions in our own best interests, especially if we lack confidence and experience. Fretting about your finances when you are stressed is never a good idea. Most major decisions can wait until the emotional turmoil has settled. As your trusted Financial Planners, we are here for you in your time of need.
We can help you clarify what needs to be addressed now and what can wait, giving you peace of mind that your finances are under control. Leave it to us to handle the detail of looking after your wealth, safe in the knowledge that you are in experienced and sympathetic hands.
When the time is right, we will review your finances with you. We will then work with you to create a financial plan tailored to meet your new life circumstances, helping you to move forward with renewed confidence.
24% of people aged over 65 are widowed
Office of National Statistics, 2018
What happens now?
Your income in retirement
There are many questions to consider when it comes to taking your retirement income and a key one is deciding where that income is going to come from, and in what order it’s taken.
Bewildered? Our Financial Planners are here to help.
Let us help you get on with your life
Learn about how we can support you through the difficult times with good advice.
Investec Wealth & Investment (UK) is a trading name of Investec Wealth & Investment Limited which is a subsidiary of Rathbones Group Plc. Investec Wealth & Investment Limited is authorised and regulated by the Financial Conduct Authority and is registered in England. Registered No. 2122340. Registered Office: 30 Gresham Street. London. EC2V 7QN.