What happens to your pension when you die?
(And how to best prepare)
Pensions are essential for retirement planning, but their fate after death must also be considered. In this article, we look at how you can ensure the smooth transfer of pension benefits to your loved ones. We also review the key steps your Executor or personal representative will need to take. Around 79% of UK residents contribute to a pension, demonstrating their importance for financial stability in retirement. Understanding how pensions impact UK inheritance tax (IHT) is critical, as exceeding £325,000 per person in the UK can result in a 40% tax on the estate. If a pension holder dies before [...]
Auctioning a property after a loved one dies
Estate administration can be a challenging and emotional process. One crucial aspect of this is deciding on the best method to sell any properties in an estate. Two common options are selling via an estate agent or auctioning the property. In this article, we will explore the benefits of auctioning a house to help you select the right option for you. Advantages of auctioning a property: Faster Sale Process: Auctions have set dates and a structured process, leading to a quicker sale compared to traditional estate agent sales. This can be especially beneficial for bereaved families who need to settle [...]
Exploring the Role of End-of-Life Doulas: When families dealing with end-of-life care confront the inevitable reality of mortality, the presence of an end-of-life doula can offer immense comfort and assistance. Commonly known as death doulas or end-of-life coaches, these compassionate individuals can provide an invaluable support service to those navigating the final stages of life. In this article, we delve into the role of an end-of-life doula, shedding light on their significance in bereavement services, the hospice environment and palliative care. What is an End-of-Life Doula? An end-of-life doula is a trained professional who offers emotional, practical, and spiritual guidance [...]