Posts tagged “Wills”

Like this doll's house, you home contains everything that's important so make sure you protect yourself  if you are planning equity release.
Market analysis by mortgage broker, Henry Dannell, shows that homeowners in the UK have already released up to £1.4billion of equity in their properties so far in 2022. 
 
Also known as later life mortgages, over 12,500 of us have chosen to use some of the value of our property to reduce our bills, improve our quality of life, or help a family member. That’s an increase of more than 20% compared with the same period in 2021. The figure could reach 50,000 by the end of the year amounting to almost £5.6billion of equity. 
If you make a gift to a young person in your Will which they receive when they reach a certain age you will create either a bereaved minor’s trust or a bereaved young person’s trust, depending on their age. 
 
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