| BILLY
AND WIN have both been married before. They are both
quite well off and have don’t particularly want
to get married again. Their total joint assets exceed
£500,000 and included within this is one house
they bought between them some five years ago. Their
joint incomes are in excess of £400,00 p.a.. Billy
has one daughter from his previous marriage and Win
has a son and daughter.
They want to buy a house in Spain.
Their assets will increase when two Life Policies mature
later in the year and this will provide the funds.
Some planning needs to be done because
they are not married and their two families must be
protected. Also serious thought must be given to how
they buy a property in Spain, including Spanish succession
rules, wills, tax structures etc. SPANISH INHERITANCE
TAX CAN BE AS HIGH AS 81.6%.
Case Studies - 1
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