Life Stage - Building a Family
When you're bulding a family you can face many challenges that you didn't have to consider when you were young and care free. This can be one of the most valuable times to contact a Pivotal Adviser to make sure you're on track to meeting your goals. Some areas in which a Pivotal Adviser will be able to help you include:
- Wealth Protection - Building a family, particularly with young children, is a period of life when risk insurance is especially crucial. Would you be able to continue meeting mortgage repayments if if you are unable to work? How would your children's lifestyle be affected if you fall ill or pass away? Risk insurance is crucial in ensuring that you and your family are protected should any unforseen event occur.
- Saving for Education Costs or a Home Deposit - Every parent wants to do the best by their children, and nowadays the cost of education can be very high. Putting in place a strategy to provide funds for the kids's future education, or even a deposit on a first home, can be an important goal for many parents. A Pivotal Adviser will be able you to put in place a savings plan to meet these goals.
- Managing Cashflow - When you're building a family, there can be many different strains on cashflow and money "going out" can seem endless. Household expenses, bills, mortgage repayments, education costs, car repayments and more. Working out ways of better managing cashflow can be highly beneficial and a Pivotal Adviser can help you do just that.
- Estate Planning - When you're young and single, a Will can be the last thing to cross your mind. However, when you're married, especially if you have children, or if you have complex investments, a carefully prepared Estate Plan is crucial in ensuring that your assets are transferred in the manner that you would wish.
To find out more about how we can help you secure your future, contact us