Almost everyone in Northern Ireland forgets to write their will in time. With this, people leave the opportunity the heirs to argue over their assets. On top of this, there’s a tax of 40% to people who inherit the estates so it’s wise these matters to be solved in a much-civilized way and before the problem hits the wall.
This is why it’s important to hire a financial advisor who will guide you through the process and tell you about the dangers and the positive sides of the law in this case. See why the law is important for every person of society on this link.
The estate planning is very important not just for dealing with the assets that need to be turned to the heirs after you die, but also for while you’re alive and you want to invest some of the money you have. Research shows that an average person living in Northern Ireland only spends about 30% of its income. The rest of it is ready to be invested in something or let be turned to some of the family when the time comes.
With that kind of money, it’s important to have someone that will advise you what to do with it. It’s not the same to invest in real estate, in trusts, bonds, or on the market. Everything has its expenses and taxes. It’s important to have someone in the business that understands these things and knows what’s best for you.
Some people think that it’s futile and just wasting resources to pay advisors for something they can decide on their own. However, making a wrong move and investing in something that will make you lose more than you’ll gain can cost you a fortune and make you spend a lot more money … Read More ...Read More →