Penny Lovell, head of private client services at Close Brothers Asset Management, highlights some home truths that need to be shared with clients.
Death and the financial fallout is never an easy subject to broach. Nevertheless, safeguarding the transition of estates and assets could save a lot of money and heartache in the long run. A lack of planning in this area is evident even among the affluent UK population. Recent research we conducted revealed that 46% of adults with a household income of £70,000 or more do not have a will in place. Moreover, among those who do have a will, one in ten have not informed anyone else where it is, according to Foresters Friendly Society and ICM. Without a will, your client’s assets are at...
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