Financial Planning
What to do about tax and benefits after a death?After a death, there's a lot to manage at a distressing time. However, it's important to deal with tax and benefit affairs as soon as you can so that you receive any money you're entitled to and pay any taxes on time. In certain circumstances timescales are short.Financial Planning allows:We have discussed the importance of making a Will, which will ensure your estate is correctly controlled following death and to ensure that no person other than those mentioned in the will can make a claim on your estate.The family and loved ones will want to maintain a similar standard of living following the death of a family member so that has to be planed for financially. This area can be complicated and independent financial advice is required for life insurance, pension planning and inheritance tax. We provide that independence with our specialist financial team.In order to prevent uncertainty we advice you list all your financial details which will include:· Current Accounts· Saving Accounts· Endowment policies· Insurance Policies· Funeral Plans· Shareholdings· Pensions· Income· Property ListingsWe can provide the services of an independent financial advisor who specialises in offering advice on estate planning. The advisor will evaluate your overall financial situation taking into account all items listed above and expenditure. This will allow you both to prepare the best financial plan to deal with circumstances following death.