Financial Planning for the terminally ill and surviving partners
Unfortunately we are seeing more and more clients diagnosed with a critical illness which may or may not be terminal. We had one long standing client come to us last week with cancer. His main concern was for his wife, that she would be ok if he loses his fight and in the short term that he did not want to have any financial concerns. We put him in touch with a local solicitor to ensure that his will is up to date and to get powers of attorney drafted. We will have a follow up meeting shortly to put his financial fears to rest.
Late last year we took on a new client who has about five years to live and her brief to us was that there were things she still wanted to do and could we help her work out what was affordable and the best way to fund everything. As it happens she has enough to last beyond the five years and she has begun to live the experiences she hasn’t had yet.
Early last year a long standing client died leaving his wife behind. We have met with her a number of times and although he died suddenly, we had planned for the event for years and we were able to provide peace of mind that everything was in order and that she had no money worries.
If you have concerns following an unwelcome diagnosis or have been bereaved and don’t know where to start then get in touch with us. Visit our Contact page to get in touch with us.
By David Gibson