Wills and financial planning: tips and pitfalls

If you do not have a legally valid will then, when the inevitable happens, your assets will be distributed in line with the rules of intestacy. In many cases these rules could differ significantly – or fundamentally – from your wishes. It is, therefore, highly advisable to have a properly drafted will. Your financial planner

“The rest I just squandered” – personal finance lessons from the footballing elite

As England’s footballers continue their World Cup odyssey, a firm of Chartered Financial Planners has identified a number of lessons that investors can learn from the off-field lives of some of the highest-profile exponents of the beautiful game. Prest Financial Planning is based in the Stockport suburb of Hazel Grove, not far from the Premier

Understanding the family home inheritance tax allowance

In his summer Budget of 2015 the then Chancellor of the Exchequer George Osborne announced a measure that will allow many couples to bequeath up to £1 million to their heirs without their bequests being subject to Inheritance Tax (IHT). The mechanism by which this is being implemented is the family home allowance or, to

Introducing… Joe Rose

At work When did you join Prest? I joined Prest in September 2015, after several years at a national life office and a bank before that. What is your role here? I’m a Chartered Financial Planner How would you explain what you do for a living to an eight-year-old? The same way I explain it

What do we mean by investment “risk”?

Investment “risk” is a term that is used more widely than it is understood. A common-sense definition of the word would, for most people, be the chance that they might lose money. In investment terms, however, it usually refers to volatility – how much an asset may be expected to fall or rise in value