Provided we all follow the lockdown rules then we can assume we are doing sufficient to meet the Coved crisis But are we prepared if we catch the virus? If it knocks us seriously ill and we become unable to manage our affairs either financial or healthwise who will do it for us? Has anyone […]
Tag Archives | Property Protection Wills Lifetime Property Protection Trusts
Is your Mirror secure?
Many married couples and unmarried partners have prepared Wills leaving everything to each other and then to children or other family members. These are known as Mirror Wills. Usually they are sufficient for happy close knit families with each believing everything is secure following the death of one spouse/partner. Unfortunately Mirror Wills are not secure […]
Consequences
Coved 19 has caused many members of the public to concentrate their minds of the possible consequences of having the virus. Inevitably the prospect of sudden,unexpected death has meant more attention to the implementation of a Will to secure the future of loved ones and family. Following recent reports however, it appears that death is […]
A Right to Reside
A Right of Residence is something you can include in your Will. If you own a house and want to make sure that someone can continue to live in it after you die one of your options is to create a Right of Residence for them. This will make sure that the person keeps the […]
Trusts
So what Trusts can I use to protect my assets on death? There are several types of Trusts you can put in your Will to ensure your assets at death will reach your chosen beneficiaries. Firstly there is a Property Protection Trust which can provide a protective shelter for the value of your home allowing […]
Attorneys, Executors and Trustees
These three titles often confuse many lay people when planning their affairs both for life and death. It is understood that each of the titles refer to someone who is acting on your behalf , but how and when appear to cause confusion. Firstly all of the titles refer to someone you have personally appointed […]
Goodbye House
Research carried out for the Royal London Insurance Company found that bills for a typical stay in a care home were likely to be between £50000 and £93000.and that the total would mean a loss of between a fifth and a half of the value of an average house. It found that on average someone […]
Peace of Mind
Many people I meet on the subject of Wills seek an answer to the nagging thought of what will happen after their death. What will happen to their belongings and assets,who will deal with them,how and who are executors appointed,what about the funeral,can pets be taken care of,is spouse able to continue living in house […]
Social Care costs
Government’s answer to the rising burden of Social Care appears to be to place the burden fairly and squarely with Local Authorities. They have been allowed to increase Council Tax to meet the cost of providing care in the community for the elderly and infirm. Under the present system if you go into care, owning […]
Care home Fees-forever upwards
A new report by the healthcare agency ‘Prestige Nursing and Care’ states that the average cost of a single room in a care home has soared by 5.2% in the past year to £30926pa.This is an average throughout the country. In London for example the costs have rocketed by 19.1% to £38896pa whilst in the […]