Doris Duke, the heiress to a huge tobacco fortune, did not name a trusted family member as the executor of her Will. Instead, she chose her personal butler, Bernard Lafferty, to manage her estate. Concerns about his intentions grew when Duke became ill, and Lafferty already had a hearse waiting outside the house while she was still alive. Those close to her tried to intervene when she was on her…
The famous daredevil Evil Knievel once said: “Risk is good. Not properly managing your risk is a dangerous leap.” While he was talking about jumping a motorbike over a line of school buses, the sentiment still holds true when thinking about investments. Without exposing your wealth to some level of risk, you may not be able to achieve as much growth as you otherwise could. But, adopting too much risk…
In a study from MoneyAge, 35% of people said that they trusted financial advice from Martin Lewis over their friends and family or their own research. However, you may need to be careful about turning to the presenter for help after recent reports from Good Morning Britain of a “deepfake” scam using his likeness. Deepfake technology allows users to create a fictional image or video of a person to manipulate…
Divorce is always an emotionally challenging experience for everybody involved. But women often take on more of the financial burden at the end of a marriage. Research from Legal & General shows that there is a significant “gender divorce gap” as women experience a 33% drop in their income, compared with just 18% for men. This could be due to the gender pay gap, where women are likely to earn…