Rob Hesketh - Financial advice throughout South West France
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So who needs a financial adviser anyway? Well, actually most of us do at some stage, especially when we are working hard to establish a new life in a foreign country.
Investments, Insurance, Inheritance. - So important to the financial health of you and your family in France.
Some of us are fortunate enough to have mastered the language and also the intricacies of French social systems, but most of us quite frankly struggle to adapt as situations arise and new challenges present themselves.
Throughout this time financial decisions still have to be made. At Spectrum we aim to help you make these all important decisions by understanding your financial circumstances and delivering sound, impartial, FREE advice. I live and work in the Aude, and am more than happy to visit you in the Languedoc Roussillon or anywhere else in southwest France whenever it suits you. There is no charge for our consultations or financial reports.
Investments
It is vitally important to seek sound advice regarding savings and investments from an adviser who knows the differences between the French and UK financial environments. You may indeed already have an IFA in the UK who is desperately keen to keep you as a client. He will of course do his best to offer correct advice, but he may not be aware of the French tax authority’s views on PEPs and ISAs, any more than he will know about the French taxation of offshore investments. You now need someone to advise you how efficient your savings portfolio is in the country in which it will be taxed.
Insurance
Things don’t get a lot more boring than insurance. Well maybe pensions. Luckily for you, you won’t be around to explain to your widow why you decided you couldn’t afford to provide for her and the children if the worst should happen. Or maybe you thought that your pension would be enough to support your wife as the kids are long gone, but will it?
On a more mundane level have you ever wondered just what all that small print in your French home insurance or car insurance policy actually says? If you need to claim is your French up to it?
Inheritance
Please do not assume that your UK will is going to have any relevance in France for anything more than UK property. To say the least, it works differently over here. It is so important to make sure that you understand French succession law and its associated tax structure. Maybe you even thought that your savings and property would pass automatically to your wife on your untimely passing. Think again. You may well have read that inheritance tax is no longer payable between spouses, but did you realise that succession law is unchanged?
Many of us these days have less than tidy family histories. If you are blissfully happy with your current partner but your three children are from two previous marriages your local notaire will have no problem allocating your estate for you when you die. It might just be worth finding out how that might pan out in advance, just in case your wishes and his plans do not match.
Mortgages
Whether you need a mortgage to finance your first property in France, or maybe to buy a second home or even a renovation project, let me introduce you to a suitable lender from my extensive range of contacts within the French banking community.
rob.hesketh@spectrum-ifa.com
Tel: +33 4 68 24 77 58 Mob: +33 6 31 78 76 47
Skype: robhesketh
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