Bereavement is bad enough without money troubles. Rachel Clarke explains the complexities of using whole of life policies
Coping with bereavement will be a traumatic experience for anyone. But when a family is left to deal with complex financial issues on top of their grief, the situation can become much more stressful. Most people will want to leave a legacy for family members, but this often co-exists with the objective of minimising inheritance tax (IHT) and the complexities that this brings. However, it is possible to lessen its effects with some careful financial planning, and so ensures that death is the only devastating surprise loved ones will encounter. Recommending a whole of life policy is ...
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