When dealing with family finances, inheritances, or shared assets, it’s important to be aware that not all legal or financial advisors may act impartially, particularly if they have close relationships with family members.
To protect yourself:
- Always seek independent advice
- Use a solicitor or financial advisor who is not connected to family members or the parties involved.
- Verify information carefully
- Request all advice and agreements in writing.
- Keep records of communications, contracts, and transactions.
- Be mindful of conflicts of interest
- If an advisor is involved in family asset management while advising you, consider whether their guidance may favor others over your interests.
- Ask questions and clarify
- Don’t hesitate to ask for clear explanations of legal documents or financial arrangements.
- Independent verification ensures your decisions are fully informed.
Remember: Protecting your own legal and financial rights is a reasonable and responsible precaution, not a sign of distrust.
For additional guidance, consider contacting trusted, accredited legal or financial advisors who have no family affiliation or vested interest in your situation.
