When it comes to financial planning, we all hope for our "happily ever after", but life is no fairytale and it pays to prepare.
Buying your first home, getting married, having children, retiring and inheritances are predictable life stages we all might go through.
But along the way there may be unplanned events too, such as sickness, loss of employment, death of a spouse or other family members and estate/will disputes.
Having a financial plan and strategy that takes that provides contingencies is a valuable resource for you and your family.
Robards Wealth Management is a family-run local business that can assist with:
- Savings plans
- Insurance for protection of income when unable to work due to illness, Insurance for death/disablement/major illnesses
- Allocated pensions
- Funeral bonds
- Assistance with Centrelink applications
- Estate Planning (by way of referral to estate planning solicitors)
"When it comes to Estate protection, for example, making appropriate contingency plans need not be difficult or expensive - and the resulting peace of mind is worth the effort," says Andrew Robards, director of Robards Wealth Management.
"Having a valid, up-to-date will, guardianship of children, nominating executors, testamentary trust wills to protect your family, insurances to clear possible debts in the event of death, nomination of beneficiaries for superannuation, valid title to properties, enduring guardianship - these are all things we not might wish to contemplate now, but a bit of preparation can reduce stress in the future."
Involving your financial adviser early in a relationship, could save a lot of heartache later on too.
"More than 45,000 Australian couples divorce each year, and almost half of those divorces involve children under the age of 18," Andrew said. "The same with de facto relationships. You're never too young, or too old, to protect yourself. And these days, as we're all living longer, a little forward-planning can only be a good thing.
"While insurance premiums add to the financial stresses associated with relationship breakdown, the consequences of not being properly insured don't bear thinking about. Your adviser can help you work out a balance between effective cover and affordability."
Robards Wealth Management is based at Fletcher, but has clients throughout the Hunter.
"Potential new clients generally phone our office as first contact," Andrew said. "One of our support staff will have a brief discussion to ascertain how we may be able to assist, and then arrange an appointment with myself or one of the three other financial planners within our practice. Our planners can be met in our office, or in a location that suits the client."
For more information, visit www.andrewrobards.com.au or ring ring (02) 4941 6000.
- Andrew Robards is an Authorised Representative (no. 259591) and Robards Wealth Management Pty Ltd ABN 69 130 216 447 is a Corporate Authorised Representative (no.325120) of Boston Reed Pty Ltd ABN 89 091 004 885 AFSL 225738
- Any information provided is general in nature and does not take into consideration your objectives, financial situation or needs. We recommend that you seek professional advice before acting on any information.