• Basic Wills from £125.00
    Basic Wills from £125.00
    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...
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    Lasting Powers of Attorney from £150
    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...

How caring is this?

At last the Government has announced it’s proposals for Health and Social Care Reform.

They introduce a lifetime funding cap of £86000 for any individual requiring personal care. It also proposes that you will be liable to meet the funding in full if your total assets exceed £100000

The new means test will start in October 2023

If your total assets fall between £20000 and £100000 you will be eligible for some financial support but if they are below £20000 then you will no longer pay for your support from your assets. You may however be expected to contribute to the costs from your income.

One important thing to bear in mind is that the cap does not include ‘hotel costs’ such as accommodation and food which means you are likely to reach double the £86000 limit from your available assets . If you decide on a more expensive care home then the difference will have to be found personally and not contribute towards the cap.

To meet the cost of these proposals the Government is to introduce a Health and Social Care Levy of an extra 1.25% on all NIC contributions paid by Employers, Employees and the Self-employed and will include working pensioners. The dividend rate of tax is also to be increased by 1.25%

The proposals have yet to be approved in detail by Parliament

Perhaps this is something we should all care about!