Q. I have not made a will as I am too embarrassed to reveal how little I have got. I have always hoped that something would turn up, but time is running out.
A. It took me a few years to realise that my clients did not have more money than me; they just said that they did.
Over the years they have:
- Invented rich uncles poised to leave them a fortune.
- Made out that they had so much money that they had no need to work.
- Claimed that they had given substantial sums to charity.
Some clients got carried away, hinting at expensive mistresses and rich, generous mothers-in-law.
All fantasy, of course.
Therefore, your claims of exceptional wealth will leave your lawyer unmoved. Unless, you give your lawyer even the slightest reason to suspect that the claims are true. For instant, a $10.00 tip to his or her secretary on the way in, followed by claims of anything over $10M is likely to cause a complete melt down.
Extract from - I'll have the law on you -unmitigated advice on law and lawyers by John Fytit AO to be published later this year.
(c) Paul Brennan 2014. All rights reserved.