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News from our Club sponsor - The Ancojada Group

November 2023

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Hi All,

 

This month, a little something for the youngsters amongst us….of course for a walking football club that means those who are in their 50’s.

 

When you arrive in your 50’s it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work hours or even retiring completely starts to surface. Each person’s life journey is unique and has different resources and challenges.

 

In this month’s “Smart Money” we examine the crucial financial planning areas to consider as you look to maximise your earnings or lay down a robust financial plan for your future.

 

This issue is packed with interesting articles covering a wide range of topics that can help you to better plan for your future prosperity and security.

 

As always, if you have any questions or would like some advice in any of the areas of financial planning covered, please call me or drop me an email.

 

Cheers for now all,

 

Kind regards,

 

Colin Barrett-Treen

Director – Ancojada Group

Email: colin@ancojada.com

Phone: 07767 771870

October 2023

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Hi All, 

I'd like to gently jog your memory about something really important: Wills!

A Will isn't just a stack of legal papers. It's your way of safeguarding your legacy and ensuring your loved ones are looked after according to your wishes. It can be quite reassuring, knowing that you've made arrangements for the people and things that matter most to you.

1.     Curious about what happens if you die without a will?
Well, in that scenario, your estate gets divvied up following the rules of intestacy. This means you'll have no say over who inherits your assets and how much.

2.     Guardianship for Children:
You can appoint legal guardians for your children. Without a will, this decision might end up in the hands of family courts.

3.     Financial Support for Dependents:
You can plan for your children's financial future, making sure they have access to education and other essentials.

4.     Protection for Unmarried Partners:
Unmarried partners don't automatically have a claim on your estate. A will ensures they receive their fair share.

5.     Avoiding Family Disputes:
A well-drafted will can prevent family conflicts and provide clarity regarding your wishes.

6.     Minimizing Inheritance Tax:
This ensures that more of your assets go to the people you love.

7.     Naming an Executor:
You can designate someone you trust to carry out your final wishes, simplifying the process for your family.

8.     Caring for Pets:
You can specify who will look after your furry friends once you're no longer around.

9.     Protecting Digital Assets:
Your digital footprint, including emails and social media accounts, is part of your legacy. Decide whether you want this information destroyed, preserved, and whether you need to share passwords with your executor.

10.  Supporting Charities:
If you're passionate about a charity, you can leave a contribution for them in your will.

"I already have a will, so I'm OK thanks."

 

For those of you who are feeling a little smug about the fact that you have already got your Will sorted, here are a few reasons why you should think again…

 

While it's great that you've taken the step to create a will, there are several reasons why you may not be as 'OK' as you think:

 

11.  Outdated Information:
Life is constantly changing. What was relevant when you created your will might not be the case anymore. New family members, assets, or wishes may have emerged, and your existing will might not reflect these changes.

 

12.  Insufficient Protection of Assets:
Having a will is important, but it may not sufficiently protect your assets from risks like sideways disinheritance, where assets intended for one beneficiary can end up benefiting someone else due to unforeseen circumstances.

 

13.  Inadequate Provisions:
Your existing will might not cover all the essential aspects of your estate planning. For instance, it may not address digital assets, guardianship for children, or the specific distribution of sentimental items.

14.  Legal Changes:
Laws surrounding wills and estates can change over time. An outdated will might not align with the current legal landscape, potentially leading to complications and unintended consequences.

 

15.  Beneficiary Changes:
Relationships evolve, and beneficiaries named in your will might no longer be the individuals you want to inherit your assets. Updating your will ensures your assets go where you truly intend.

 

16.  Financial Changes:
Your financial situation may have changed significantly since you created your will. This can impact tax implications, and updating your will can help you optimize your estate for tax efficiency.

 

17.  Executor Consideration:
If the person you initially designated as the executor of your will is no longer suitable or willing to fulfil that role, you'll want to update this important decision.

 

18.  Charitable Giving:
If you've developed a passion for a new cause or charity since creating your will, you might want to include provisions for them in your updated will.

 

Remember, keeping your will up to date is crucial to ensure that your wishes are accurately reflected and that your loved ones are well taken care of. So, even if you already have a will, it's a good idea to review it periodically to make sure it still aligns with your current circumstances and wishes.

 

Feeling ready to secure your future? – act now and save money!

 

I know this has been a tough year financially for many, and with Christmas coming up fast, the expenses are still coming.

 

So, with a view to easing those financial pressures a little, Peritum Wills is currently offering a 30% discount on the price of your Will if you start the process with us before November 30th, 2023! 

 

So don't delay – give me a call or drop me a message to start the process today and save money on your new Will.

 

Yours sincerely,

 

Colin Barrett

Group Director & Head of Estate Planning

Tel: 01733 911974

Mob 07767 771870

September 2023

Hi Everyone, 

Many of you have told me in the past that you have enjoyed the monthly "Money Matters" newsletter that we have been publishing for over two years now.

I am delighted to announce that we are now launching an enhanced Personal Finance Magazine called Smart Money, the first issue of which is posted below.  I will be posting this every other month from now on.  In the intervening months I will be doing an individual article or report on a popular personal finance topic, so please let me know if there is anything you would like me to write about for next month's mailing.

Naturally, if any of the articles in the magazine prompt any thoughts or questions in your mind, just drop me a line or give me a call, I would be delighted to help if I can :-).

Cheers for now all, happy reading!

Kind regards,

Yours sincerely,

 

Colin Barrett-treen
Director, Ancojada Group (An-Koh-Jar-Dah)

Tel. 07767 771870
Email. colin@ancojada.com 

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