Growing Up Too Fast!

In June 29, 2015
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As many of our Clients know, I have a little boy, Harry, who is three years old – going on 13! He is the funniest and brightest little boy and it feels like only yesterday that I found out I was expecting.

I guess you don’t realise how different you feel about everything in life until you become a parent! How protective and emotional I am, how I never want him to have a girlfriend and how I wish he would stay my little boy forever!

It suddenly dawned on me the other day that he isn’t going to be my little chubby, dummy sucking baby forever and in fact, he will be starting school this year, which terrifies me! And I have started to have separation issues, which I know I have to deal with! He just seems too young, but I guess he is growing up and there’s not a lot I can do about the ageing process! But I can try and do the best for him, in as much as saving for his future and protecting him if anything were to happen to myself or my partner.

Harry

I have recently started to save £50.00 per month into a well diversified Model Portfolio Investment, towards his University fees, first car, deposit on his first house, or wedding. (Not that I will approve of this!) These milestones will creep up on me before I know it! And it is always a great idea to save as much as you can per month, rather than nothing at all!

It has also got me thinking about making sure we have the correct Guardians in our Will to be the ones to look after Harry and protect him the way myself and my partner do, if anything were to happen to us. The last thing I would ever want to have happen is Social Services and my family fighting over who should be the best candidates to look after the welfare of my son! It’s a serious and tender subject to approach and think about, and one I wouldn’t have thought about if I hadn’t firstly become a parent and secondly if I hadn’t of worked for a firm who specialise in Estate Planning!

It’s a serious subject to consider!

Time for another……………… Watch this space!

 

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The opinions contained within this blog, do not constitute financial advice and no action should be taken based on this content alone.

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Redwood Financial Family Wealth & Estate Planners Ltd is Directly Authorised and regulated by the Financial Conduct Authority. FRN number 774469.

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The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning. Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. https://register.fca.org.uk/

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