How many times has that been said when people are asked to write a Will? Those who have taken such action have often failed to consider some of the possible consequences of this action.
For example what happens if the child/children become involved in marital problems and the house forms part of a divorce settlement? Remember this is your home we are talking about.
Similarly your child/children may experience financial problems and could file for bankruptcy. Your home is again at risk!
Did you know that Capital Gains Tax is payable on second homes, meaning your child/children could face a huge tax bill when they come to sell your home?
It’s not too late to put it right–contact Lincoln Wills today for advice.