The Aspire Life Plan ™, Your Plan, Your Way

The Aspire Life Plan™ is our premium financial planning service and normally addresses the following issues, where relevant to the individual client circumstances:

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What The Aspire Life Plan Contains

Personal Planning

Personal Goals & Aspirations
Review of current and future expenditure levels
Current and possible future medical issues of clients, their dependants & other parties.
Behavioural finance coaching of you and your life partner

Estate Planning

Wills
Family members with Special Needs
Discussion of issues surrounding Domicile
Enduring Power of Attorney
Trusts
Guardianship arrangements, if needed
Tax Efficient Gifting & Bequeathing to children
Business Buy & Sell Agreements

Personal Retirement Funding

Adequacy of current pension product arrangements
Maximising pension contribution levels
Review of any Defined Benefit pension scheme funding in Ireland and other jurisdictions
Investigation of entitlement to State Pension benefits in Ireland and other jurisdictions
Investment strategy for pre-retirement and post retirement scenarios
Integration of State Invalidity Benefits

Savings & Investment Planning

Protection strategies for cash holdings
Identification of required investment return
Investment portfolio asset allocation and related risk reward trade off
Sustainable Investment Options
Sensitivity analysis of possible investment outcomes
Investment product costings, if needed
Tax & legal issues of using different investment products

Tax Planning Issues

Prioritising income drawdown in a tax efficient manner from a range of personal assets.
Use of income tax allowances
Inheritance tax & gift tax liabilities

Lifetime Cashflow Planning Analysis

Long term medical expenses
Education & training of children
Expiry date of cash availability

Personal Protection

Life Assurance Cover for families and borrowings
Replacement Income in Times of Major Illness
Specified Illness Lump Sum Payments
State Invalidity & Death Benefits

Business Protection

Corporate Co-Directors Cover
Partnership Life Assurance
Keyman Cover
Employee Group Risk Benefits

Top 3 FAQs for Drafting a Financial Plan

If you are in a stable long term personal relationship your financial decisions will most likely impact on their current and future financial standing. In our experience, in many relationships only one party invariably deals with financial matters. This means that the non-involved party is unaware of many decisions being taken that might impact their own financial circumstances as well as possibly those of any children from the relationship.

When we meet with both parties in a relationship we often find that issues are voiced that may not have heretofore been raised, for whatever previous reasons. As a financial planning professional that may have to advise on any consequences that arise through lack of foresight by one client we know that two heads (in client terms) are better than one.

All short term and long term financial outcomes are based on someone making a decision on some facet of their life. Every decision we make has a financial consequence and sometimes a poor decision has a negative impact on whatever goal or aspiration a person might have.

By focusing on a specific goal or aspiration and attaching a financial costing to it , short and long term, a financial planner can help you understand the implications of your decisions and, in some cases, help you attain them possibly earlier than you might have expected.

It is important to understand what function these legal documents are responsible for. A Will is essentially a set of instructions for the distribution of assets on one’s death. It lays out what assets or percentage of assets are to be given to individual parties.

If no Will is in existence then under the Succession Act and if there are children 2/3rds of the value of the deceased’s estate will pass to the spouse and 1/3^rd will pass to any children, such 1/3^rd then being divided equally among the children. If there is no surviving spouse or children then the assets pass to the State.

An Enduring Power of Attorney is a document which appoints another individual(s) to manage an individual’s health and financial affairs in the event that such an individual is still alive and incapable of managing their own affairs.

As such the existence, or not, of these documents are pivotal in the management of one’s affairs. For our own part, we would always recommend that they are put in place as part of any financial planning arrangements and should be arranged through the client’s solicitor.

Using Our Services

How We Work

As one of Ireland’s leading financial planning firms there’s very little we haven’t encountered to help our clients prepare for. Our experience, technical knowledge and willingness to see things from your perspective means that whatever you have in mind for you and your family’s future we can help you plan the best way to get there.

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Fees

We are a fee based financial planning firm. This means that we can focus on delivering the best advice for our clients needs and aren’t compromised by ties to financial product providers such as investment companies and pension providers.

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