Get a power of attorney set up It’s the No1 tip because it’s the most important in the long term. Don’t delay because waiting can make the process much more expensive, difficult and lengthy. A power of attorney is a legal document that lets you give one or more person the power to make decisions and manage: your money and …
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Discuss money management with your family Money can be a difficult subject to talk about, but it is important you plan how you want your finances to be managed if you become unable to look after them yourself. Set up a Lasting Power of Attorney (LPA) This enables you to choose someone you trust to make decisions on your behalf …
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Saving means not spending a portion of your income, in other words putting some money aside. Your money is therefore safe and available, but its value decreases each year by the level of inflation. To guard against this, you can invest these savings in financial products that fit your needs. Investing entails a certain degree of risk but offers the …
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