How Do Wills Affect Creditors and Bankruptcy Issues?

When your beneficiaries inherit from a standard or mirror will, it leaves that inheritance open to attack.

Your hard-earned money could be wasted.

For instance, suppose one of your children uses the legacy you left them to start a new business and like 80% of brand new start-ups, it runs into trouble financially.

The bank could decide that enough is enough and calls in the loan.

Resulting in the business closing.

Picture of Ray Best

Ray Best

Like his academic development, writing came late to Ray. He has written several published works, “Inheritance Tax Planning – My Way” and “Shareholder Protection & Partnership Protection” and has had four feature articles published in Tax Adviser magazine, but the publication he is most noted for is the joint collaboration with Tony Granger “Inheritance Tax Simplified”.

Read More