How to Invest from the Grave!

le_loup

We're all going to die - maybe even you!

kidmugsy

As a last resort leave the money to a will trust, with your widow as one of the beneficiaries, and as one of the trustees. Write a "letter of wishes" to the trustees to guide them in their decision making.

Vortigern

gterr wrote: »

I've seen instances of partners left bereaved, bewildered and temporarily broke following an unexpected death.

In addition to all the other good advice in this thread, consider making all assets jointly held, so they pass automatically to the surviving partner. This can't be done for ISAs or pensions, but could be worth doing for cash accounts, shares and other investments.

wigglefish123

although all of the advice given is sound and helpful.....it doesn't really address the OPs main point/question about the actual managing of the investments after he has gone...I wouldn't think that leaving portfolios with £100k in them for someone to manage and run when they have no real interest in money is sensible?

Would it not be sensible to identify an IFA (and/or suitable criteria for picking an IFA) so it your wife wants advice later she can seek it later if she deems it wise? Is there a clued up relative you might also want her to discuss her finances with or run past any changes?

Find a good IFA now and in the long run it may save your wife money and a lot of unwanted aggro...

[Deleted User]

I have a similar situation op. I manage my husbands (large) sipp and have a spread of dividend producing assets to provide a regular annual sum, covering at least his pension. I made things as easy as possible for him in case I pop my clogs first. All parts are ftse 100 shares and in large companies only, no funds

I accept that he would have to fill in a form or two at age 75 but no way will he go the annuity route. Other assets such as bank accounts are joint but we have a solo account each and a credit card account each, although I do the most spending on mine and he is an additional card holder. Savings accounts are solo but contain equal amounts of easily transferable cash. Important documents are pretty well tidied, all his pension stuff in one file, which he keeps.

Apart from the obvious, your paperwork needs to be easy and clear and all in one place, together with your wills. You seem uncertain so I would either get hold of a good ifa or read and read again eg books like that just written by andy bell

Perelandra

Vortigern wrote: »

In addition to all the other good advice in this thread, consider making all assets jointly held, so they pass automatically to the surviving partner. This can't be done for ISAs or pensions, but could be worth doing for cash accounts, shares and other investments.

If you do go down this route, it might also be advisable to each have a Lasting Power of Attorney for the other. Without this, some institutions may make it hard to access even joint assets, should your partner become unable to manage their own affairs.