How good is your disaster recovery plan?

Most people understand the need for backing up their computers on a daily basis and even making sure another copy is kept off site to make sure data is kept safe in the event of computer breakdown,

Table of contents

How good is your disaster recovery plan?

Importance of disaster recovery plan

Learn  the crucial elements of a sound disaster recovery plan with BlueBond. Our  tips empower you to create a resilient strategy for business continuity.

Most people understand the need for backing up their computers on a daily basis and even making sure another copy is kept off site to make sure data is kept safe in the event of computer breakdown, flood or fire. Most sensible business owners have contingency plans in place to cover many eventualities with regard to running their business properly. Nearly everyone has home and contents insurance. So why do people pay such little attention to the potentially biggest disasters - the death, disability or serious illness of the main breadwinners Like all good disaster recovery plans you should look at all the possibilities and the potential implications on your family or business. Ask questions both personally (both spouses) and with regard to your business (all key people) if your are a business owner:

  • What are the financial implications of the death of this person?
  • What are the financial implications of the disability of this person?
  • What are the financial implications of the long term serious illness of this person?

Many people wrongly cover different people for the same level of insurance when the implications of the above are rarely the same. Joint plans are generally bad advice except for inheritance tax planning. Even covering your outstanding mortgage is unlikely to be correct as the financial implications are much wider and so the solution is more complex. A mixture of term insurance (life and critical illness), whole of life assurance, income protection plans, accident sickness or unemployment plans, private medical insurance together with the correct types of trusts will usually supply the most suitable solution. Good levels of insurance are the foundation of a solid financial plan which should be regularly reviewed by an experienced financial planner. The premiums are unlikely to cause you serious hardship but lack of suitable cover will almost certainly do so. Don’t let a disaster overtake you – plan for it today.

Join our Newsletter

Subscribe and get the latest updates about inheritance tax and Estate Planning into your mailbox.

We help people with over £1 million in current assets pay ZERO in UK inheritance tax

One stop comprehensive specialist advice - Tax, financial planning and legal advice service with 18 years experience.

What our clients say
Read our 105
    
reviews

"It is gratifying to finally come across an adviser who gives sensible ongoing advice which is very client focused."

Frank Hibberd

Retired gentleman

"It is nice to know that we can now be certain that our daughter will inherit our money without giving a large slice of it to the government ."

Tony & Sue Perriss

"Everyone's situation is different but having an initial discussion with Charles has really helped me personally navigate what can be a daunting subject."

Bobby Chadda

"I particularly want to thank you for the open and transparent manner in which you have serviced my tax planning needs since I first met you seven or so years ago. In arranging my tax planning through you, I have confidence"

Michael Mahon

Retired gentleman

"Charles was really helpful from the outset and quickly clarified our situation for us... I have used Bluebond for  IHT and other tax advice and they have been very helpful with both. Charles is a very experienced and knowledgeable individual and I highly recommend Bluebond's services."

Sam Attenborough

Retired gentleman

I have used Bluebond for setting up a discretionary trust for my children as well as inheritance tax and estate planning for my home and  other properties. Having searched for years, it was only after meeting and speaking with Charles that I felt confident enough to take these next steps, and I'm very glad I did. His ability to explain complex issues in simple terms and walk you through every step of the process is quite simply unparalleled.

Imran Qureshi

Excellent and comprehensive advice concerning all things financial in one place. Enthusiastic, Educational, Expert, value oriented, Professional and Polite are adjectives that come to mind as well as great attention to detail.

Deirdre Buckley

Inheritance tax is a minefield. Charles de Lastic of Bluebond Tax Planning is the best in the business at helping you to chart the path that is right for you to ensure your estate is structured in the most tax efficient manner.

Nicholas Dickinson

Charles provides clients with valuable insights that clearly demonstrate expertise built over the years. Charles and his team guided us through a estate planning journey and then addressing complex Inheritance Tax matters. They have been very transparent with their advice and cost. Overall an excellent service. Highly recommended

Shailesh Karia

The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

Copyright © 2024 Bluebond.co.uk
-
Copyright Notice
-
Legal Disclaimer
-
Terms & Conditions
-
Privacy Policy