It seems that more and more parents are burying their heads in the sand when it comes to Inheritance Planning. Fearful of the stability of their children's relationships, the majority of parents would rather do nothing than put plans in place to help manage their estates effectively.
A key thing here of course, is feeling able that you can have a discussion with your financial planner, being able to open up and discuss all the real concerns which face you, rather than just talking money and tax.
At Serenity we find that once our clients are at ease, and are open to the wider discussions, which may not necessarily seem relevant to the nuts and bolts of the financial arrangements, we are able to guide and help with many avenues which they may have previously closed off or dismissed.
Rather than burying your head in the sand, take the time to have a blank page discussion - no sales angle, no schmoozing, just a conversation where you can discuss what is important to you.
Now that is Financial Life Planning
Parents are being put off inheritance tax planning because they fear their children’s marriages will fail, a report has suggested. The threat of divorce is deterring the older generations from providing financial help or an inheritance to their married kids, Investec Wealth & Investment found, as the January peak season for divorce arrives.