Whilst financial planning is particularly important in times of change, it needs to be a continuously evolving process that keeps new laws, products and services front of mind. In this report, Criticaleye’s CFO Retreat Partner, Brewin Dolphin, discusses the various factors to consider when financing and investing for the future.
Key takeaways include:
Consider the potential for deeds of variation from a prior generation to skip you, in favour of your children and beyond, to remove likely surplus value from inheritance assets from your estate.
You must establish how must you ‘cost to run’ now as well as in light of likely or desired lifestyle changes in the future.
A financial plan is a living document. Make sure to update your plan regularly and every time your current circumstances or needs change.