Brits are helping their grandchildren avoid loan claims and deal with bank charges.Yvonne Goodwin Wealth Management managing director Yvonne Goodwin pointed out that when people die, their family members can lose as much as 40 per cent of their inheritance through taxation.As a result, people would prefer to see the benefit of their money being delivered to their grandchildren immediately, she explained.Youngsters are finding it increasingly difficult to find the cash to pay for the deposit on a mortgage and are struggling to attain a decent interest rate on these loan claims, the specialist suggested.She said: "Financial planning is all about moving the money from the family - from where it is, to where it is needed most."Previously, Ms Goodwin recommended that people set up an emergency fund so they can cope with any unexpected changes to their circumstances without having to incur bank charges or fall into debt.Samantha Clarke Samantha is a former banking assistant and has over ten years experience in retail banking.
Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273
Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.
Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.
Please note that calls may be monitored for the purposes of staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.
By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide