EVERYBODY DIES

TODAY’S BLOG

EVERYBODY DIES…

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.

Abigail Liddicott
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on our blog which gets updated every week. If you would like to talk to us about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Bakery, 2D Edna Road, Raynes Park, London, SW20 8BT

Email – info@solomonsifa.co.uk 
Call – 020 8542 8084

7 QUESTIONS, NO WAFFLE

Are we a good fit for you?

GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Bakery, 2D Edna Road, Raynes Park, London, SW20 8BT

Email – info@solomonsifa.co.uk    Call – 020 8542 8084

7 QUESTIONS, NO WAFFLE

Are we a good fit for you?

EVERYBODY DIES2023-12-01T12:12:46+00:00

A Matter of Life and Death

A matter of life and death

It is one of the strangest aspects of conversations that I have with clients. It gets stranger and perhaps more difficult the older they become. We have to talk about a matter of life and death.

In essence, when all is said and done, financial planning is about trying to ensure that your money does not run out before you die. So we need to have a conversation about when that might be. We don’t know the answer. Death is a daily part of life, yet something that most of us manage to avoid talking about.

The motivation behind the question is obviously to attempt to make money last long enough, however it is also designed to prompt thoughts about what is life about, what do you want from it during this brief sojourn on this wonderful planet?

Thoughts may turn too quickly to estate planning and reducing inheritance tax, rather than considering the true inheritance that is being left…. the memory and impact of .. well…you!

I might (will) point to the financial impact of your loss to those dependant upon you, be they family or your business, but we all know that its much bigger and deeper than that don’t we. So good financial planning can take care of financial loss, but great financial planning will hopefully remind and inspire you to ensure that you make the most of the life you have now.

Another way to view death – acceptance

A dear friend of mine, who has had more than her fair share of grief drew my attention to this short video about death (and life). It combines images from various films and words of Alan Watts. It is worth taking the 3 minutes to watch it.

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

A Matter of Life and Death2023-12-01T12:20:07+00:00
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