Will Writer

In your 40s

In your 40s

Photograph by Martin Neeves Photography www.martinneeves.com

Is your financial situation balanced? Get regular health checks to make sure you are on-track.

Asset protection may start to become a priority. How at risk is your familys inheritance, will they actually get it, or couldit be eroded in some way? We are talking about your estate and that of your parents. Have your own parents looked at protecting their estate for your benefit? It is ‘family money’ so you should be taking a keen interest.

Your forties are a crucial/busy time, you may still have young children and the drain on resources can be very taxing (no pun intended), perhaps we should we call this ‘family tax’? Your financial and estate planning needs will change with your circumstances, so try your best tostay on top of things.

As your capital and savings begin to build, e.g. the equity in your house, or you may even have received an inheritance from a close friend or relative? Protecting and preserving your assets will become a higher priority and you will need to be aware of the 6 basic problems we all face in todays money grabbing/complex society.

So what about the Will then? Consider changing the way you own your home from joint tenants to tenants in common. Include life interest trust clauses in your Wills (as a couple) to protect half the house on first death for the benefit of your children. The trust allows the surviving spouse to exercise some control over the half in trust and is a very cost effective way of helping to protect your biggest asset (your home) in the future.

If you have business assets (sole trader, partnership or a limited company) talk to us about maintaining the value of your business if you are no longer around to manage it.

Financial planning
Wills & Estate planning
Keep control of your spending
Mortgage health check
Pension provisions
Wills with life interest trust clauses
Use a Discretionary Trust for a disabled/dependentbeneficiary
Business assets

Care Home Fees


What can you do about it?

Let us talk you through the options. This is a complex issue so we will need to assess your personal situation very carefully to make sure you get the right advice.

Contact us now to arrange an initial discussion.


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