Separating or divorcing is an enormous transition that can be very stressful. It will bring significant changes to you. In the event that you, unfortunately, have to go through a separation or a divorce you should make sure that you have a separation or divorce agreement. The Agreement …a written agreement that formally sets out…
KNOW ABOUT Power of Attorney A power of attorney (POA) is a document that allows you to appoint a person or organisation to manage your affairs. All POAs are not created equal. It is a legal document (highlighted in our civil law Articles 1856 up to 1890), also known as “prokura” in the Maltese Language.…
Are you eligible for a pension? How much pension will you get? Do you have enough contributions to retire at age 61 instead of at the respective pensionable age? Are you entitled to any credits such as study credits, child rearing credits that would increase your contribution average? How will the percentage (%) increase affect…
Since you have put your thoughts on paper, budgeted and followed our advice and hints, you are definitely satisfied, tranquil and happy. Great news: you have won too because whether it’s for something specific or for the future, you have saved this Christmas and you have put money aside. However, if you are still in…
Although there is no data available with regard to Malta, research overseas shows that elderly financial abuse is a growing trend. Indeed, other than the victim’s age, elderly financial abuse is a crime which is indiscriminate in choosing who it strikes. Factors such as one’s socio-economic status, gender, educational background and geographic location do not…
As explained in our previous communication, budgeting and spending is sometimes overlooked, especially during the Christmas Season. At the same time, if you have never budgeted your spending, money management is a skill learnt over time and it cannot be mastered from one day to another, though simple steps and simple online research will get…
Keeping a pet incurs costs to care for properly and the financial obligations may not be for everyone. Before you get yourself a pet, ask yourself if you can make a lifelong commitment to taking good care of it. The costs of owning a pet The following are some of the expenses you need to…
Most of us are filled with enthusiasm as Christmas approaches, starting as early as beginning of November, only to be dismayed to find that they would have spent a good proportion of their salary, if not all, for gift giving. This would eventually mean starting the New Year with a tight budget or with a…
Buying a house is exciting and life-changing. Saving for the deposit that you place when you come to take a loan is important. Remember, the more money you put down upfront, the less you will borrow, and the lower is the amount of interest you will pay on your loan. Targeting Your New Home In…
First and foremost, to know more about the difference between self-employed and self-occupied, please click here. Whilst self-occupied employment can bring financial and lifestyle rewards – along with enormous personal satisfaction – without the backup of a regular wage or salary, running your own business calls for careful money management and careful planning for your…
