Hayley came to see me because she had an investment portfolio which had been arranged for her, but she didn’t really have a clear understanding of her investments. She asked me to go through her portfolio with her and explain what it all meant.
Unfortunately, the circumstances surrounding Hayley’s investments were sad. She had been widowed at the age of 30. Left with two young children, the house and her husband’s very successful business. Alongside all the personal affects and arrangements resulting from his death, Hayley was also had to deal with his business affairs and see that the business was sold.
Hayley is now 34, she has repaid her mortgage on her own home using her husband’s life insurance policy and part of the business sale, the mortgage on a buy-to-let that she and her husband had invested in during his life had also been paid.
With everything looking up, Hayley had a reasonable sum of money left which formed part of her portfolio. After completing a detailed fact find with Hayley, it became clear that the value of her assets, including the main home, was over £700,000. That’s a substantial figure for a young, widowed mum of two!