Short excerpt from a YouTube video where Ndubuisi 'Andy' Egwim warns that poor legacy/estate structuring can leave families with large tax bills — citing a case where a doctor's family faced about a £450,000 bill. He emphasizes placing property in the right structure, putting life insurance in a trust, and doing basic tax planning to protect assets for family.
You're an example now, sort of like if I come and talk about money wise doctor stuff. But you're an example of someone who's read and you've, you've sort of followed the podcast, you've been part of the community, and you're applying it. I think you mentioned, in that case, they were left with about £450,000 tax bill. That's almost half a million tax bill. Just basically because of the structure. You know, basically, if you structure your we'll call it legacy planning. So if you, if you have, if you have your property in the right structure, you have your life insurance in a trust, you do some really good tax planning, do some really good for your family. Because a lot of time we're working hard and making money acquiring assets, but we're not doing basic tax planning.
