Equity Release; the good, the bad and the ugly
A short guide to equity release Some retired people might find themselves house rich, but cash poor. Equity release can be a way of redressing the balance. The language used by equity release firms in the numerous television and newspaper adverts is enticing; “Access the value of your home, tax-free.” How much tax-free cash could […]
Helping elderly relatives and you plan for the future (part 3)
In the previous 2 notes in this series we have discussed the basic assistance required help an elderly person manage their finances, plus a couple of different options to help pay for their care. Today I wanted to discuss more tax planning around inheritance tax. Last week the Government announced that revenues from inheritance tax […]
Helping elderly relatives and you plan for the future (part 2)
Caring for elderly relatives is a highly stressful time. As it happens to virtually all of us at some point in our lives, there are certain decisions you can make today to make life easier for both you and your relatives or parents. Previously we discussed the importance of making sure wills and powers of […]
Helping elderly relatives and you plan for the future (Part 1)
Watching someone you love get older can be a very difficult experience, but also one that we all will inevitably go through at some point in our lives. It certainly can have its challenges and sometimes thinking about the financial side is the last aspect anyone wants to discuss. In this series I’d like to […]
A guide to equity release
A guide to equity release – by Daniel Mayman We find that the majority of people in need of care would much rather remain in the comfort and familiarity of their own home to receive it. However, if you find that the level of your income or savings are insufficient to pay for this, are […]
