Sir Bruce’s public and private legacies - an example to us all?
As Strictly returns with a moving tribute to its most famous host, Sir Bruce Forsyth, we were able to look back at the career of a true gentleman and showbiz legend. Although he had not presented the show for last couple of series, his sad passing at 89, leaves a truly remarkable legacy behind, which will be remembered by the public for years to come.
But what about the legacy he leaves his family? Sir Bruce opted for a very modern approach to how his estate will ultimately be passed to his children, illustrating the importance of a proper Will, backed by specialist planning and advice.
Have you protected your legacy?
Sir Bruce avoids inheritance tax by leaving his entire £17million fortune to his wife, Wilnelia, leaving her to distribute the wealth amongst his 6 children & 12 grand & great grandchildren.
Wilnelia can transfer up to £650,000 to each beneficiary, tax free. However, with five children from previous marriages, complex cases like this benefit from expert advice to ensure that more money goes to loved ones. A proper Will backed by specialist planning & advice can offer clarity, ring fencing assets to avoid family disputes & protect the estate from legal costs & tax.
Was he well advised & has he done the right thing for his family? Will you be protecting your own legacy in the same way?