Estate planning is an important part of creating your financial plan, but it can be overlooked. At RMI, we work with other professionals and businesses to help you put a holistic plan in place that considers your financial goals now and your priorities for your estate.
We know that later-life planning can be difficult and complex. However, taking the time to set out your wishes now and put protections in place can give you peace of mind and provide guidance for loved ones when they need it most.
As well as considering how your wealth changes during your lifetime, our estate planning covers three essential areas:
- Wills: A will lets you set out your wishes for how you’d like your estate to be distributed after you pass away. It is the only way to ensure your wishes are carried out. Yet, research shows, more than half of people have not taken the time to write a will. The good news is that we work closely with a solicitor specialising in wills. The cost of putting a will in place will depend on the complexity of your situation, but costs usually start at £150. The peace of mind having a will in place brings means it’s an essential step to take.
- Power of Attorney: No one wants to think about losing mental capacity, but it does happen. If you were unable to make decisions on your own, whether from accident or illness, a Power of Attorney gives someone you trust the ability to make decisions on your behalf. There are two types of Power of Attorney and you should have both in place. One will allow a loved one to make decisions relating to care and health matters, while the other focuses on property and finance. To register both types of Power of Attorney it will cost £164. Without one in place, you can be left in a vulnerable position as no one has the automatic right to make decisions on your behalf, including your spouse or civil partner. Despite this, it’s a step millions of Brits haven’t taken.
- Funeral plan: Finally, you may have specific wishes about your funeral or don’t want your family to have to make plans at a time they’re grieving. A funeral plan means you plan and pay towards your funeral during your lifetime. It’s a process that can provide peace of mind and support loved ones when you’re no longer here. The cost of a funeral plan will depend on what is covered and the decisions you make, for instance, whether you’d like a burial or cremation. You can usually choose to pay a lump sum or monthly instalment. A one-off payment will usually cost between £3,000 and £5,000. We work in partnership with Safe Hands to deliver funeral plans that can be tailored to suit you or deliver confidence.
We understand that thinking about the worst happening can be challenging. But we’re here to guide you through all of it and put your estate in order. Once completed, you can be confident in your legacy.
Once you have everything in place, it’s crucial that your loved ones know where everything is. We’ve put together a document that can be filled in, so all the details are in a single place. Download it here and let your loved ones know where they can find the completed form.
Please get in touch by calling 01858 322101 to discuss any aspect of your estate plan and wider financial plan.
What our clients say
I was recommended Paul and Bryony as financial advisers by a friend. My husband and I were particularly interested to think about where to invest our savings. They have helped us to think about what level of risk we are prepared to engage with and explained the different possibilities very clearly and thoroughly, enabling us to maximise the potential of our investments. They also provide regular updates. We have been very pleased with their service and have already recommended them to others.
London
I have been a client of RMI since their foundation. Prior to that, I dealt with the directors for my own personal pension and our business pensions. This relationship as existed for the last 25 years. During this time, I have received first-class support and advice. I have always been kept informed on financial trends and opportunities. To this end I was able to plan retirement early if I wished. More importantly, I was able to choose the right opportunity as when to retire. Since retiring, I continue to receive the highest service and advice on fund management.
Ex General Manager
Leicester
We have dealt with Paul and his staff for over 20 years and have received a first-class service that is completely to our entire satisfaction. We would have no hesitation in recommending the company to anyone who is seeking financial advice.
Ex Non-Executive Director, Earl Shilton Building Society
Leicestershire
It’s a great comfort to have Paul Eason and his team on call if I have any queries or concerns about my finances.
Oxford
Paul Eason and Bryony Evans have competently managed our investments for the past twelve years. Their service has been managed diligently; they have provided consistency of advice for positive results. This has given us satisfaction and confidence in their ability to handle our personal affairs. Their research and advice are in-depth, concise and clear. They have demonstrated a thoroughness in all aspects of our personal financial planning.
Devon
Following a personal recommendation from a colleague some two years ago, Bryony and Paul provided advice to my wife and myself on planning for my forthcoming retirement. Latterly they have helped another family member on how best to invest a lump sum inheritance. On both occasions, they have guided us through the various options available, indicating the pros and cons in an easily understandable way. They continue to provide regular updates on how the investment is performing. We have always found them to be attentive, knowledgeable and a pleasure to deal with. We would have no hesitation in recommending them to a friend seeking an adviser.
Rutland
When you are investing, you need confidence to make decisive commitments. Paul Eason and Bryony Evans at RMI are true professionals that you can trust implicitly for commercial and personal advice and transactions.
Chairman, Cellular Mouldings Ltd
Northants
RMI not only deal with all our company's employee benefits schemes, but also provide invaluable support for us on a personal level. Nothing is too much trouble and we have found their service to be effective, efficient and friendly. We would recommend RMI to any company or private individual looking for a comprehensive and personal service.
Ex Directors of The Bright Consultancy Ltd
Bournemouth
Paul and Bryony have advised us for over ten years. They bring strong market knowledge and analysis to provide balanced views for investment decision making. This is then backed up by thorough administration - all delivered in a professional and easy-going manner.
Concept Shape Ltd
Cheshire
RMI Independent Financial Advisers have been assisting our clients with knowledge and insight into the world of pensions and protection for over 10 years. They have helped many of our company and personal clients navigate their options and meet the legislative duties around pensions and auto-enrolment in the most efficient way, whilst giving them the confidence to plan effectively for their future. We have no hesitation whatsoever in recommending their services to not only our clients, but to other professional connections.
Accountants
Wiltshire
Paul has been a trusted adviser to our business for over 20 years and he and Bryony continue to support us with our company pension scheme whilst providing first class financial advice. We would highly recommend RMI for anyone seeking a quality financial advisory service.
Managing Director, LINAK UK Ltd
Birmingham
I was looking at my potential retirement options and RMI were able to come up with a bespoke pension solution that enabled me to retire earlier than I had expected.
Not knowing how to plan for the future, I required advise about pensions and insurance policies and Paul has helped by being constantly available, calm and pragmatic.
Director
Paul was recommended to me by one of his clients and I was looking for a financial adviser who could help with a pension scheme for my employees and also for my personal plan.
Paul helped all the members of my team. He had time and patience and everyone individually with their various circumstances. He was also very helpful with my personal pension during the time I have my business. My personal circumstances have now changed and Paul’s advice has been invaluable.
Business Owner