Category: News
Many people wonder what happens to their pension savings when they pass away. funeraldirections.com is here to shed light on this topic with the help and all credit to retirement expert Sean Young from Standard Life. So, what does happen to my pension when I die? Contrary to a common misconception, your pension provider doesn’t keep your savings. Most plans allow them (or the trustees) to decide who receives the funds. However, you have the power to influence this by nominating beneficiaries. Who Receives Your Pension Savings? Beneficiary Options: Tax Implications:…
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A crucial piece of advice is missing from professional guidance surrounding the Finance and Property Power of Attorney (POA) use. While POAs are meant to offer peace of mind and assistance, a significant roadblock can arise during emergencies. Financial institutions, particularly banks can take up to 10 days to recognise appointed Attorneys, even with a registered POA. This means well-meaning Attorneys attempting to manage crucial matters like care fees and large expenses during emergencies, sudden illness or unexpected hospitalization, can trigger security concerns and fraud alerts due to their unrecognized access…
As 2023 draws to a close and we start the New Year, 2024, we take a moment to remember and honour the lives of the celebrities and notable figures who have left us. Their contributions to the world of art, entertainment, politics, and more have left indelible marks on our culture and history. Celebrated in Music and Screen The entertainment world mourns the loss of influential figures like Jeff Beck, a pioneering guitarist; Lisa Marie Presley, Elvis Presley’s only child; David Crosby, known for his folk-rock contributions; and the multi-talented Tina…
The passing of Matthew Perry is a poignant reminder that loss affects us not only when we lose loved ones but also when celebrities we’ve grown to know and love pass away. It’s a testament to the power of storytelling and the connections we forge with the characters and actors that touch our lives. It’s a wake-up call to live our own lives fully, appreciating the moments, and striving to make a positive impact, just as Matthew Perry did. So, yes, it makes sense to talk about this, to remember Matthew…
Article by VKPFA Death is an inevitable part of life, and while it’s not a topic we like to dwell on, planning for the financial well-being of our loved ones after we’re gone is an essential responsibility. Forward-thinking and proactive financial planning can ease the burden on your family during a difficult time and ensure their continued financial security. In this article, we’ll explore key aspects of planning your “after-death” financial future, including cash flow modelling, financial lifestyle reports, the financial needs of survivors, and the role of life insurance in…
How Funeral Directors Embrace Shrinkflation to Aid the Bereaved: Shrinking Costs, Expanding Compassion When it comes to the funeral industry, funeral directors are finding ways to reduce costs to help the bereaved. It’s not necessarily the same as shrinkflation, which is all about reducing the size of a product while keeping the price the same or even raising it. In this case, it’s more about finding ways to make funerals more affordable without compromising on quality. Funeral directors are coming up with new service packages that simplify things or offer alternative…
When it comes to life’s experiences, we all have our preferences. Picture this: the full English breakfast with its delicious eggs, bacon, sausages, beans, tomatoes, and toast—simply mouth watering. Or imagine an all-inclusive holiday, where everything from accommodation to meals and activities is taken care of. These experiences offer a complete and extravagant package. Now, let’s explore the intriguing concept of direct cremation as a final event. It’s like opting for a minimalist’s approach—a streamlined departure without all the fuss. It allows loved ones to remember you in their own personal…
In the midst of life’s ups and downs, we often seek solace and inspiration to guide us through difficult moments. One unexpected source of comfort lies within the palm of our hands: our smartphones. Beyond their standard practical functionalities, our phones can become beacons of hope, reminder of strength, resilience, and the beautiful memories we hold dear. Our team have created phone wallpapers that can serve as gentle reminders to help us navigate the challenges that come with the loss of a loved one, download them for free. A Visual Embrace:In…