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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