Death is an inescapable part of life. Over recent years, it has become apparent to me how important financial planning is when it comes to death. Grief is an incredibly difficult sort of sadness to grapple with. I often find when you lose someone you love, you feel as if the world should stop, as if everyone and everything should freeze but, contrary to this feeling, life goes on.
‘Money’ is possibly the last thing on your mind during those times and we hope to break down some of the financial stigmas around this; and empower men and women alike to have financial understanding and freedom. At Solomon’s we have a strong desire for both parties in a couple to attend client meetings and encourage meaningful conversations with family members. Knowing your desires and priorities helps us to tailor a financial plan just for you, enabling you to make the most of your life in the present; to be prepared for the worst; and to facilitate the ability to leave something behind for your loved ones, should you so wish.
Having known families who have had to pull their children out of private school because they can’t afford the fees any longer, and people having to leave their beloved family homes, I cannot express strongly enough how important insurance is. Whilst protection policies are not something we would usually organise for you at Solomon’s, they can form a vital part of your financial plan. We use a really good specialist firm to arrange protection policies for our clients – if this is something you need, please let us know and we will pass you on to them.
Many people have an ‘it won’t happen to me’ attitude and unfortunately that is simply just not true. These things are out of our control and so preparing for the unknown helps make transitions easier should they need to take place. It is often thought of as an expense that could be spared, but wouldn’t it be wonderful if that money spent turned out to have been ‘wasted’. In the meantime, you have peace of mind that your family will be financially cared for in the event that the worst happens. It’s not a happy thought; but it’s an important one.