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Why people lose their wealth

So what is it that actually causes the problems with wealth?

In the UK all wealth is normally captured by the systems operated by the State and this happens automatically by default.

Whether we are talking about Inheritance Tax, Means Testing, other forms of taxation or other ways to make you spend your wealth; you are automatically caught in these systems simply by having the wealth available to you.

What this means is that someone's wealth is automatically going to be brought into a wealth assessment, at which point the owner risks losing it and losing control of it.

As people become older the likelihood that they will require help, assistance or services that are means tested increase. This means that the older you get the more likely it is that you will be captured by the system as means testing and wealth assessments normally go hand-in-hand.

In many situations using the wealth from an asset, such as property, is not simple and straightforward. Yet not being able to use the wealth contained within an asset can result in it being captured by wealth assessments, and as a result; it is lost to the owner!

This simple process creates an impossible situation for the average homeowner and this means that they are normally captured.

In order to avoid your wealth being automatically captured you have to take steps to avoid this happening. But there are lots of restrictions in the way as they do not want to make it easy for you.

PALM Solutions provide a new way to use and control wealth so that you don't have to lose it.

To find out how we can help you contact us to arrange a meeting with a Consultant by clicking on this link. Speak to a Consultant.

Alternatively contact us using the form below or the details on the contact page by following this link.

To find out more about why early action is important please click on the links below.

What causes people over 55 to lose wealth?

How to avoid care home fees?

Power Of Attorney, Will & Trust

Retirement Planning

Managing Longer Term Conditions

Inheritance Tax Planning

Why I developed this Solution.