Fool: Huge risks not necessary to increase inheritances
19 May 2008
People who have inherited large sums of money do not need to take large risks to make the cash grow, according to an industry expert.
David Kuo, head of personal finance at Fool.co.uk, explains that not all consumers are comfortable with handling large sums of money.
As such, he states that if a person was to be left a large amount of cash by a loved one in their will then it may be a wise move to seek professional advice.
Saving for Retirement?
"But it is important to remember that you don’t need to take huge risks with your inheritance to make the money grow," Mr Kuo continues.
In related news, research carried out by financial services provider Barclays Wealth last years suggested that two in three people have not prepared a will.
Older consumers were found to be the most likely to have made preparations, with 64 per cent of more mature consumers having drawn up such a document.
Other News: IHT bills can be avoided after death
