Stephen is 59 and has recently inherited around £80,000 following the death of his father, along with three other beneficiaries who will receive an equal amount. The portfolio they are inheriting was set up by Stephen and his brother in 2014 to help cover their father's care home costs, and grow over three to seven years. Stephen plans to use some of the legacy as an addition to his existing pension provision.
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Average growth of more than 8 per cent a year for three to four years, after which stable income of 1.6 per cent to 2.5 per cent a year, with opportunity for growth
"We are trying to decide which assets to sell, and whether there are benefits in transferring some or all of the assets to each beneficiary to supplement their existing assets," says Stephen. "I think as part of any agreed transfer there is scope to rebalance the portfolio. We have ended up with more holdings than was originally intended and as a result there is some overlap between the holdings.