Risky Business for Wealth Managers – The Grey Area

Risky Business for Wealth Managers - The Grey Area The management of wealth is a role that often guarantees a certain demographic of the client, being in the 60 plus bracket. Therefore, it falls to the financial advisor or wealth manager to ensure they are fully

Wealth Managers – Protecting The Client’s Wishes

Wealth Managers - Trusted Advisors I've heard it said that wealth managers are primarily 'relationship managers' and this doesn't surprise me in the least, 'People buy people'. All private client advisors rely on trust. If your client does not have trust in you

TRUE OR FALSE? 10 ENDURING POWER OF ATTORNEY MYTHS EXPLAINED

A fear that a lot of people have, but don’t wish to speak about, is the fear of losing their mental capacity and what happens to their assets and personal care decisions once this happens and they cannot make decisions for themselves. This is where an Enduring Power of Attorney comes into play. It is a quick and simple way to prepare for a time in future where you may need the help of somebody else to make your decisions for you, the great thing about the Enduring Power of Attorney document is that you set out how you would like certain situations and decisions to be handled, meaning although, at the time you lose you mental capacity and cannot make your own decisions, you effectively still maintain control of your affairs.

What Happens if a Ward of Court Recovers?

Should a Ward of Court regain their mental capacity and take care of their own affairs, an application can be made to the Registrar of Wards of Court by the Ward or their solicitor. In order to be discharged from being Ward of Court, medical evidence supporting the claim that the Ward has regained their ability to manage their own affairs needs to be presented with the application.

Enduring Power of Attorney and Making a Will – A Vital Part of Your Wealth Management

When one thinks about wealth management, for most people, the first thing that comes to mind is money and managing your financial affairs, investments and so on during your lifetime. However, it is just as important to manage the succession of your wealth. The best way to do so is by making a will and also having an enduring power of attorney in place, just in case it is needed.