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Dear John.

Byline: John Husband

Q IS it cheaper for me to use a will-writing company than a solicitor?

A NOT always, and solicitors will have indemnity insurance to protect you against bad advice. Make sure the company has insurance and is part of the Institute of Professional Willwriters, 0845 644 2042, or the Society of Will Writers, 01522 687 888,

Q WE are in our early 70s but still have a small mortgage on our property. Can we use an equity release scheme to clear it?

A YES, and it's becoming a popular option for many retirees. For your free Mirrorsure guide to releasing equity, call FREE on 0800 422 0800.

Q MY property value has increased over the past five years and I'm worried about inheritance tax. If I gift money to my kids will it reduce the bill?

A YOU can give pounds 3,000 a year as gifts free of inheritance tax, but any more than this will be taxed if the donor dies within seven years. For a free initial consultation with a financial adviser, call 0800 544644.

Q WHAT happens to my private pension fund if I die before I retire?

A THAT depends upon the type of pension and when it started. It may pay a return of your premiums, with or without interest, or the whole of the fund. For advice, call 0800 544644.

THANKS to our independent financial advisers - Martin Bamford of Informed Choice, PMI's John Stewart, Hammond Consultancy's Rachel Twigg and Bates Investment Services' Glyn Clarke. For independent advice send an SAE to Your Money Independent Advice Bureau, Daily Mirror, 1 Canada Square, Canary Wharf, London E14 5AP. Please give your age, income, family circumstances, mortgage and details of any savings and pension plans and your phone number. Or email marked "advice".
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Features
Publication:The Mirror (London, England)
Date:Jun 25, 2008
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