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.

Facebooktwitterredditpinterestlinkedinmail
Comments for this post are closed.

Conversations about …

Almost half of us in UK have never discussed inheritance with our families, and a quarter don’t think it’s even a priority. …

Bereaved families being …

The scammers are sending letters to grieving family members as they tie up loose ends such as paying outstanding bills, dividing …

Will forgeries on the …

This is an issue that contentious practitioners are beginning to see on a more regular basis. In Rainey v Weller, a case …