Up to 30 Million UK adults have not made a Will*
If you are married or in a civil partnership and die intestate then the rules allow for a certain portion of your estate to pass automatically to your partner. However for large estates where children are involved this simply may not provide enough money to a surviving spouse or partner and of course if you were both to die at the same time, who would become guardians for your children?
There are also the other thorny issues of inheritance tax, long term care costs and other external threats to your estate. At Time Financial Planning Ltd. we specialise in Bloodline Planning to ensure that as much of your wealth as possible is passed down through your bloodline without being open to attack.
How do you feel about the possibility of (re) Marriage after death or local authority charges for residential care?
What about Inheritance Tax and Generational Inheritance Tax?
And then of course there is always the possibility of Divorce and Bankruptcy of your future generations!