financial burden

Case Study: Alleviating the financial burden of inheritance tax

Paul and Claire are in their late thirties and live in Surrey.  Paul’s wife Claire is a stay at home mum to their three young children, aged, 2, 4 and 7.  Paul works in London as a marketing manager.  He has a large mortgage on his property and some credit card debt.  He also desperately needs to move to a bigger house to accommodate his growing family.

Paul’s parents were clients of Foster Denovo. Before Paul’s mother passed away some years ago, Paul’s parents took out a whole of life insurance policy as part of their financial planning. Unfortunately, Paul’s father died at the end of 2016, aged just 67.  Paul was an only child.

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