Blog

The 5 Threats to Your Wealth

Most Will writers & solicitors will only offer a basic Will which leaves your assets exposed to various risks!!

Some Basic Facts you should know !

  • The majority of people with Wills in place only have basic Wills with assets being passed to their spouse/partner first and then to their children.
  • A large proportion of any inheritance is lost in future divorce settlements to creditors or bankruptcy and unnecessary taxation.
  • The inland revenue keep taxing with each generation.
  • 60,000 people each year lose their homes to pay for care leaving those they intended to benefit with next to nothing.
  • If you own a business or a share of a business then your spouse / partner and children may not inherit your share of a business.

There are a number of ways in which your home, savings and business are vulnerable to attack, but with a few simple strategies in place your wealth can be protected!

Irrespective of your age or the value of your estate, making a Will and putting your affairs in order is one of the most important tasks that you are likely to undertake.

I will help to ensure that that you have the most appropriate and up to date planning in place, which accurately reflects your circumstances.

Facebooktwittergoogle_plusredditpinterestlinkedinmail
Comments for this post are closed.

Are regular cash gifts …

The Local Government and Social Care Ombudsman has criticised North Yorkshire County Council for refusing to pay for an elderly …

Inheritance row exposed …

Police were called to a Farm in Cheshire on 6th December when Adam Scott called after a long running dispute with Jennifer Redgrave-Scott …

Barnet a hotspot for …

HMRC collected over £5bn in Britain’s most hated tax in 2016-2017. Inheritance Tax is charged at 40% on any assets remaining …