Thinking about making a move to the sun?
Packing up everything and everyone in your family and deciding to head off to a new place in the sun may be a very attractive prospect to many, but before you start planning on long evenings spent on a warm terrace, be ready to put in a lot of effort. The more you do before moving, the easier your life will be once you've made that big move. Your first stop; get some information on what you can do with your old home.
First big decision: what to do with your old home?
A major decision involves your old home; what are you going to do with it? Some people may choose to sell while others decide that rental is a good idea, as it provides a regular income that you should be able to depend on - but what if something goes wrong? You'll need to organise someone responsible to look after it on your behalf who can deal with repairs and ensure that your tenants pay their rent on time, so choose wisely.
Another step you should make pretty early in the process is deciding whether to learn a new language. While many expats believe that there's no need to do so, there's no better way of really understanding your new home than trying out the local tongue. You may well end up making a few slip-ups, but don't worry; people will be delighted to see you trying to fit in and will often point out how you can get even better.
Call a wealth management advisor as soon as you can
Once you decide to move you'll soon find that the choices that need to be made start piling up quickly, so make sure that you speak to people who can help you alleviate some of the pressure. A major discussion will be needed about your finances, so it's a good idea to find a company of wealth management advisors to help. Whether it's what will happen to your pension or questions about insurance claims abroad, they'll be happy to assist; they'll also let you know what kind of things you should be budgeting for in your move.
Make sure that the advisor you eventually choose is well experienced in the field of global wealth management too. Knowing that they're experienced in helping people who are moving to new countries will really take a weight off your mind, and they'll also have contacts available abroad who can be called on as well. Just be sure to ask lots of questions, be ready for an emotional rollercoaster, but know that eventually everything will be sorted out and you'll be able to relax in the sun.
Packing up everything and everyone in your family and deciding to head off to a new place in the sun may be a very attractive prospect to many, but before you start planning on long evenings spent on a warm terrace, be ready to put in a lot of effort. The more you do before moving, the easier your life will be once you've made that big move. Your first stop; get some information on what you can do with your old home.
First big decision: what to do with your old home?
A major decision involves your old home; what are you going to do with it? Some people may choose to sell while others decide that rental is a good idea, as it provides a regular income that you should be able to depend on - but what if something goes wrong? You'll need to organise someone responsible to look after it on your behalf who can deal with repairs and ensure that your tenants pay their rent on time, so choose wisely.
Another step you should make pretty early in the process is deciding whether to learn a new language. While many expats believe that there's no need to do so, there's no better way of really understanding your new home than trying out the local tongue. You may well end up making a few slip-ups, but don't worry; people will be delighted to see you trying to fit in and will often point out how you can get even better.
Call a wealth management advisor as soon as you can
Once you decide to move you'll soon find that the choices that need to be made start piling up quickly, so make sure that you speak to people who can help you alleviate some of the pressure. A major discussion will be needed about your finances, so it's a good idea to find a company of wealth management advisors to help. Whether it's what will happen to your pension or questions about insurance claims abroad, they'll be happy to assist; they'll also let you know what kind of things you should be budgeting for in your move.
Make sure that the advisor you eventually choose is well experienced in the field of global wealth management too. Knowing that they're experienced in helping people who are moving to new countries will really take a weight off your mind, and they'll also have contacts available abroad who can be called on as well. Just be sure to ask lots of questions, be ready for an emotional rollercoaster, but know that eventually everything will be sorted out and you'll be able to relax in the sun.
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