It is a shame but it also lends weight to the old cliché you can't escape death and taxes.  She really should have hired an accountant to deal with her taxes as this seems to be biggest debt she had.  I also find it strange that her mortgage hadn't been paid for a good few months.

In monetary terms she didn't leave them all that much and in a depressed housing market, the three houses she did leave them could either devalue or increase in profit.  Those are assets that are probably best left until the children are adults but if there are mortgages on them then mebbe not!!  She did put a lot of work into giving them money but all of it seems a little bit like it was too little far too late 

I have no sympathy for them at all.  So they won't get millions of pounds for doing nothing.  Sounds like 99.9% of the rest of us.

yes I suppose......

I just felt rather sad when I read it ....

Jade was desperate to leave plenty of money to ensure her sons would have a better life than she did. It's a shame so much of her earnings have been eaten up by debts, but debts do have to be paid.

There are still 2 or 3 houses which can be sold and the money from those can go into the fund for her boys - and they still have their dad to look after them, so I'm sure they'll be fine.

It says she was 1.8 mill in debt when she died because she hadn't paid her taxes or mortgages for a long time.

Her advisers can't have been very good.

If she had any 'advisers' by the sounds of it she had lots of leeches and hangers.  Finding a good accountant is a must if you've got some money - that's a hell of a lot to have been in debt for and I'm surprised HM Taxes let her get away without paying for 4 years 

4 years is a hell of a long time to get away without paying. £400k is plenty to give the kids a good education. It's a better start than most people get.

when I was working and bought my house and also  arranged mortgages for others too you always had to take a life policy out for the mortgage amount ..it was compulsory and was either a reducing one for a repayment mortgage or one for the full amount borrowed on an endowment. .it was security in case of death of the mortgage holder to ensure it was paid off at death.. is that not the case anymore..? 

also part of my job  involved bouncing cheques and Direct debits etc the one thing you never bounced was the mortgage life policy payment as well as the payment for buildings insurance too, which was also compulsory when taking out a mortgage.. . .  it's been a long time since I bought a house after selling my last one, or indeed worked, so am out of the loop as far as requirements nowadays.. .  

anyway the kids have a good enough pot. .Clifford probably made a load off her in commissions from her earnings. . so all's good..  everybody got a piece of the pie..

agree with that Longcat 

Talk of compo on its way due to NOTW hacking Jade,s phone. Just hope that horrid Jackie doesnt get it and it goes to the boys.

Gawd that harriden (Jackie) made out she's had a miscarriage in her 50's.

Olly, it's officially called an 'Interest Only Mortgage' now and you don't have to have an endowment policy, but you do still need buildings insurance, Not sure of the position regarding life insurance. It's certainly strongly recommended, but I'm not sure if it's compulsory anymore.

Not sure, but I think the executor of the will decides how any monies that come to the estate of a deceased person get distributed if there are no specific instructions in the will.