One of the areas our IFA’s at Enable of Bishops Stortford have notices is attitudes and approaches to inheritance. For most people inheritance will be inextricably linked with property ownership. As The Smith Institute pointed out: “Many homeowners still want to pass down the equity in their homes to children rather than releasing it to spend on things such as home improvements.” But as life expectancy and the cost of living both go up it might become harder and harder to not to use any of the money tied up in property.
“However, attitudes seem to be shifting with the younger generations more likely to see housing equity as an investment for retirement.” says The Smith Institute and Enables IFAs can see that reflected in peoples financial planning. The younger generation are being forced to shoulder more financial responsibility for later life, in particular with respect to income and care needs. If the state continues to withdraw its support for later years the younger generation really need to see the benefits of investing time in financial planning. Enable’s IFA’s in Bishop’s Stortford are happy to help you plan whatever your age.
Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE.
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