• 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...

Protect your assets–‘ Now ‘

According to the Conservative Party manifesto for the forthcoming General Election if they get back into government they intend to reform social care. They plan to include the value of your home residence in the assets to assess your ability to pay for care costs.
With certain exemptions this is already taken into the calculations if you have to go into a care home. However it is not now included if you have care at home, but it will be in future if the manifesto pledge becomes law.
Under present legislation you have to pay your fees in full if your assets are above £23,250 but under the proposals this figure is to be increased to £100,000. It appears that it will benefit some whilst hitting others fairly hard.
The answer would appear to be to rid your personal ownership of your own residence — NOW
Consider a Lifetime Property Protection Trust to hold the property throughout your life and then to be inherited by your defined beneficiaries. Such a Trust would enable you to live in the property rent free for the rest of your life with yourself and your beneficiaries as Trustees. If the time ever came for you to need care at home or in a residential care home then your property would not be included as your assets under present legislation.