• 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...

No Inheritance for 3 out of 4 families

NFU Mutual Insurance group has just reported the results of a study into the high cost of Care Home fees. It indicates that over the last five years a million homes have had to be sold to pay care fees. Over two million elderly people have had to use their savings to meet such costs. The younger generation can no longer look forward to receiving an inheritance to fund their own retirement said an NFU Mutual official.

Of those surveyed 77% of those with parents in care said that their parents wealth had been eaten up by the cost of care and 28% said their homes had been sold.  Until 2016 anyone entering into care with assets in excess of £23250 has to meet their costs in full. Usually their main asset is the home and unless other funds are available this has to be sold.

David Dexter of LincolnWills says that if those elderly people had received the correct advice in the protection of their property and the production of their Will then much of their estates could have been saved for inheritance by their loved ones. The use of Property Protection Trusts in mirror Wills is a good way of securing at least half the value of the home fpr inheritance.  Lifetime Property Protection Trusts if effected in good time and whilst in good health can also prevent the loss of a home.  Good advice and prompt action is vital for all home owners.