chapter 17

When it all goes wrong – death, divorce, bankruptcy, complaints and the Financial Services Compensation Scheme

Nobody likes to dwell on life’s negatives, but it is worth knowing what will happen to your money when significant personal events such as death, divorce or bankruptcy come along, or when an investment or investment provider goes bust.

Death and taxes

Benjamin Franklin’s famous quote about death and taxes being the only things certain in life serves to underline just how important inheritance tax planning can be for your loved ones.

This is a book about DIY investing, not about estate planning, so I am going to go no further than explain what happens to the various assets a DIY investor may have built up in the event ...

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