Those who fund their own care pay hundreds of pounds more a week than state-funded residents. This typically results in family’s assets having to find £10,000 more a year than a Local Authority pays. This occurs because of the bargaining power of the Local Authority. Taken together with the fact that the average annual cost…
Read more
Top 7 Ways of Protecting Family Assets
Top 7 Ways of Protecting Family Assets 1. Use a Lifetime Trust to protect your family’s Assets from Care Home Fees. 2. Use a Lifetime Trust to protect your family’s Assets from Re-marriage. 3. Use a Lifetime Trust to protect your family’s Assets from Divorce 4. Use a Lifetime Trust to protect your family’s Assets…
Read more
Most people do not budget for future Care
The majority of people aged over 55 have not budgeted for their future care needs but have spent money from their pension pot early, research reveals. A Citizens Advice poll British people aged over 55 who had taken money early from their pensions, found that only one in six are budgeting for future care costs.…
Read more
Wedding invalidates a Will or You need a higher level of mental capacity to make a Will than to Marry!
In January 2018 a temporary court injunction prevented an elderly man from marrying his long term partner of more than 20 years. If the wedding had gone ahead then at his death most of his wealth would have gone to the partner. In 2013 the man in his mid-eighties, had drawn up a Will in…
Read more