5 Points To Think About When Planning Your Estate 1. Divorce With almost half of marriages in the UK ending in divorce, have you ever considered what would happen to your children’s inheritance if they got divorced in the future. 2. Long Term Care Fees 1 in 4 of us will require long term care at some point in our lives. If you own more than £23,250 in assets you are liable to pay all of your care costs, even if you have to sell your family home to do so. 3. Marriage after Death (MAD) If your partner re-marries, everything you leave to them will become jointly owned with their new spouse. Have you considered what would happen if that new marriage breaks up? Or what if the marriage lasts and the new partner outlives your spouse? 4. Inheritance Tax It’s estimated that £1.3bn is paid every year in inheritance tax. With simple Estate Planning you can reduce or possibly eliminate the tax you pay. 5. Bankruptcy/Creditors Without proper Estate Planning, what you leave to your children could be swallowed up by creditors if your children were to get into financial difficulty. Do you want to protect your estate and your family against these threats? AMIFA Limited offer you an Estate Planning service and you can protect your estate from these risks, ensuring that your family are looked after during the time they need it most. As simple as ABC..... amifa
Posted on: Wed, 10 Sep 2014 13:21:17 +0000
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