Erica Hancock: Eight later life planning points to work on with clients

Make process simple

clock • 4 min read

Many clients who have their later life planning under control say it was easier than they thought and they felt better once they had dealt with it so here Erica Hancock offers eight points for advisers to talk through

Conversations with clients about later life and dying can be difficult or uncomfortable and yet this is an essential element of financial planning. When your clients purchase a house, they consider all factors - the best interest rate for the mortgage, life insurance to protect their family and home insurance to take care of the house. So why does later life planning often stop after discussing retirement and pensions? Research recently undertaken by Brewin Dolphin has that almost half of UK citizens have never discussed inheritance with their families, with a quarter of respondents beli...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Spouses using different advisers can often cause difficulties

Spouses using different advisers can often cause difficulties

Looking at industry thoughts on the back of last week’s PA Asks poll

Hope Coumbe
clock 25 March 2024 • 1 min read
Editor's View: A very busy week and a very clear warning

Editor's View: A very busy week and a very clear warning

The editor's Friday Night Takeaway from 22 March

Hope Coumbe
clock 22 March 2024 • 2 min read
Editor's View: Will it be smooth sailing ahead for True Potential?

Editor's View: Will it be smooth sailing ahead for True Potential?

The editor's Friday Night Takeaway from 15 March

Hope Coumbe
clock 15 March 2024 • 1 min read