If you’d like to have an informal, no obligation, conversation about your financial future after the loss of a loved one, please get in touch.
Moving forward after losing your spouse
The loss of your life partner is perhaps the most devastating event you can ever experience. Yet, just when you are at your most vulnerable emotionally, you’ll be faced with some tough financial decisions as well: Will I have enough money to live on? Do I have all the paperwork relating to our savings and investments? Did my partner have any life insurance in place? Am I entitled to my spouse’s private pension or state pension? What should I do about savings and investments? Should I downsize from the family home? Will I have sufficient money to provide for our children?
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
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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.
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Learn how Investec can support you through the difficult times with good advice.