Real story Worry-free widowed future

Christine* is a retired teacher in her late 60s with two adult children and grandchildren. Her late husband was an engineer.

Financial situation

Christine is debt free and owns a $700,000 home and has shares and has term deposits of $800,000.

Lifestyle goals

Christine wants an annual income of $100,000 to enable her to spend comfortably without concern, including on overseas travel. Anything remaining will be left to form her estate. She wanted to be sure that her investments do not support any entity that breached child labour laws.

How Bloomsbury helped

We helped restructure Christine's existing investments and made sure that they were appropriate and implemented a strategy to deliver regular monthly income to provide her certainty. We were able to increase the expected returns from her investments by $11,000 per annum.

We worked with Christine's existing lawyer to review and update her family trust and replaced her accountant with a more suitable provider.

Result

Christine can now confidently get on with living and spending knowing that the right team is in place to look after her affairs. Instead of being concerned with her financial future, she can enjoy time with friends and family.

* Names have been changed to protect privacy