• Basic Wills from £150.00
    Basic Wills from £150.00
    Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes. Click the image to read more...
  • We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task. Click the image to the left to read more...
  • Inheritance Tax is simply a tax on money or possessions you leave behind when you pass on.It can also apply to some “gifts” you make during your lifetime. It is therefore vital that you receive professional Inheritance Tax Advice on your position to minimise the impact and tax paid should the worst happen, ensuring that your loved ones receive as much of your money as possible. Click the image to the left to read more...
  • Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes, unless you write a will. Click the image to the left to read more...
  • Lasting Powers of Attorney from £195
    Lasting Powers of Attorney from £195
    Often serious illness or accidents strike without warning. Last year, for example, approximately 130000 people suffered strokes. Without a Lasting Power of Attorney being available this is when it becomes difficult... Click the image to the left to read more...

Home equals Pension/Care Home equals no Pension

Investment firm LV reveals in a report today that around 2 million people over the age of 50 say they will rely on their property, not a pension, to provide for their retirement. With poor returns on pension savings the LV study found that nearly a third of the over 50’s will use equity release or downsizing to fund retirement. The Workplace Retirement Income Commission has also warned up to 14 million workers will retire with pensions far smaller than those enjoyed by their parents.

If this is the case then woe betide those who need to be taken into care with their only asset being their property. Care home fees will often mean the house has to be sold and if so where will the pension come from then? It is vital that steps are taken well before then to protect this main asset.  A Property Protection Trust Will provides the survivor of married couples with the secure knowledge that the property will not be sold whilst they are alive but taken into care. Similarly a Lifetime Property Protection Trust gives the same security to single persons owning their own home. Note however these Provisions must be in force well before entering into care. Apply now for your free consultation on these vital matters.