Wednesday 9th of February 2011
A number of people in the UK may find asking individual voluntary arrangement questions is a more beneficial method of relieving their financial woes than the drastic measures being employed by many.
New research from Engage Mutual Assurance has found a high proportion of adults in the UK are selling off assets just to make ends meet.
The study showed 3.5 million individuals changed their will in the last two years, with many placing their family silver up for sale to raise extra cash.
It was found 15 per cent of those with a will have disposed of assets that would have been included in their testaments.
Karl Elliott of Engage Mutual Assurance said: "Our research indicates that as many as 3.5 million people across Britain may have responded to their changing financial circumstances by selling off assets they had intended to leave behind."
The findings come after figures recently provided by MyVoucherCodes.co.uk showed many middle-aged parents are currently earning less than their adult children.
By Rachel Powell
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