The Savvy Wallet Podcast

EP. 142 - The Money Lawyer REVEALS How To Save Up To 40% On Inheritance Tax! ft. Deborah Bowers


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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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