Your WEALTH MATTERS BLOG

Most parents plan to leave an inheritance to their children, but they often do not go far enough in planning how much to leave, and when their child should receive it. But before any fancy planning is done, you need to first ensure the basics of estate planning are covered.

If you are a regular reader of our blogs, you will have undoubtedly heard us hammer on about the importance of having a plan. Well, this is especially so for young families. The loss of a spouse is a tragedy and not knowing where to start, who to turn to, what to do, is all the more overwhelming during a time of mourning. Although we cannot prevent death, we can plan for it and that is exactly what we aim to do when we work with families young and old.

Experiencing unemployment in the years right before retirement can be an extremely distressing and difficult situation to navigate. Cutting your spending to a bare-bones budget will likely be critical and those who have an emergency fund already saved will certainly weather this storm better than those who do not.