EP. 142 - The Money Lawyer REVEALS How To Save Up To 40% On Inheritance Tax! ft. Deborah Bowers
Description
Joining us in the booth this week is Deborah a practicing Solicitor in England and Wales with over 27 years legal experience, a Certified EU-GDPR Practitioner and a certified Will writer.
In this episode we discuss:
- Why it’s essential that you have a Will
- How to write a tax efficient Will
- What happens to your assets if you don’t have a Will
- The different roles outlined within a Will
- An overview of how trusts work and much more!
🔗 Connect with Deborah:
Website: https://deborahbowerswillwritingservices.com
Youtube: https://www.youtube.com/@deborahbowers
📚 Grab a copy of Deborah's book
How to write a Tax Efficient Will: https://amzn.to/4dBnuUM
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TIMESTAMPS
00:00 - Preview
00:52 - Intro
01:25 - Meet Solicitor and Will Writer Deborah Bowers
02:40 - Growing up in St Lucia
05:51 - Working as a crown prosecutor for 9 years
11:37 - Why I started writing wills for people
17:27 - You can put assets in your will that are not yours yet
20:33 - How to save up to 40% inheritance tax!
30:01 - What’s a Will and why you NEED it?
34:05 - The different ROLES in a Will
38:31 - How a will can make you more tax efficient
46:05 - Horror stories about Wills to avoid!
47:39 - Can someone write a will on your behalf?
50:39 - Steps to getting will created today
56:22 - When should you update your will?
57:32 - The different type of trusts? and why you need one!
01:04:36 - How to write a tax efficient will book
01:08:21 - Final words
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