Wealth Matters: Wealth Succession

Welcome to our March/April 2023 edition of Wealth Matters, now available to view and download here.

In this issue, financial planning can be a daunting and uncomfortable conversation for many, but thankfully attitudes towards talking about money are changing. Wealth succession should be an integral part of your financial plan as early as possible – because the right preparation now can have positive long-term impacts on future generations. On page 6, before you start this process, we consider the questions you need to ask.

When it comes to managing your finances, the wealth of resources now available can make it easy to try and go it alone. However, obtaining the right advice from a qualified professional financial adviser will ensure you are able to plan ahead by including expectations for items such as inflation, market declines and your protection requirements, so you can stay on track. Read the full article on page 3.

Also in this issue, there are signs and targets that can signal that you are prepared to retire, but it can be difficult to figure out when you are truly ready to retire. We may think of retirement as being centred around a particular age or monetary amount. When we get to ‘X’ years old or have ’Y’ amount of money, we can move on to our ‘golden years’. On page 10 we look at the main questions to ask yourself for a secure financial future.

People are increasingly becoming more concerned about the possibility of being affected by a critical illness such as cancer, stroke or heart attack. With rising rates of serious illnesses, people are becoming more aware of their need to be covered and secure proper protection against critical illnesses. In challenging times, the number one priority is to support those you love. Turn to page 9.

Looking for a fresh perspective on what’s possible?

Financial planning may be complex, but it doesn’t have to be difficult. Whether it’s planning for your future, or growing or protecting your wealth, we’ll give you a fresh perspective on what’s possible. We hope you enjoy reading this issue and if you would like further information or want to arrange a meeting – please contact us.