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17th August 2023

Protecting your children and securing their future

OUR HEALTH, AN INVALUABLE ASSET, IS OFTEN OVERLOOKED OR TAKEN FOR GRANTED

As a parent, ensuring the wellbeing of your children is a top priority. From having open conversations with your partner to creating a Will, there are straightforward measures you can implement to provide them with the protection they deserve.

OPEN THE CONVERSATION

Discussing sensitive topics might be uncomfortable, but it’s essential for planning and protecting your children’s future. Choose a time and place to start this important conversation when you and your partner or immediate family won’t be disturbed. By viewing it as a practical task rather than an emotional one, it becomes easier to handle.

APPOINT A LEGAL GUARDIAN

Many parents still need a formal plan regarding who would care for their children if they were no longer around. Selecting a legal guardian is crucial to ensure your children’s wellbeing. A legal guardian can be anyone over 18 years old, such as a close family member or friend. If a guardian isn’t chosen, your children may end up in foster care while the courts appoint a guardian.

CREATE A WILL

After discussing your plans and selecting a guardian, make it official by creating a Will. A Will allows you to specify how your estate should be distributed upon death. Dying without a Will leaves the distribution of your assets up to the law, which may not align with your wishes. Moreover, a Will can…

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Lump sum vs regular contributions!

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Woodward Markwell Financial Advisers Ltd is authorised and regulated by the Financial Conduct Authority (FCA). You can confirm this by visiting the FCA website www.fca.org.uk/register. The firm’s reference number is 146449.
Our registered address is: Friars House, 2 Falcon Street, Ipswich, IP1 1SL. Registered in England No. 2492078