Estate Planning Myths
A study by Co-op Legal Services reports “almost half of Brits (49%) don’t have a will in place and of these, one in ten say they don’t know how to start the process. Over a quarter of the people who have created a will due to the pandemic are under the age of 35.”
“Myth busting study shows huge gaps in end-of-life estate planning knowledge. Over 40% wrongly thought that a spouse automatically inherits their husband or wife’s assets if they pass away. Two thirds (67%) wrongly thought that if a parent dies, any remaining children automatically inherit their assets.” Read the full article here.
Beaufort Wealth Management provides an estate planning service to clients. This service could reduce and sometimes even eliminate inheritance tax, leaving more money to your family, friends and charitable causes; rather than the taxman.
We can give you expert advice on gifting, trust funds and tax-efficient wills, allowing you to feel more confident that your loved ones will benefit fully and feel fully informed.