Posts tagged “Estate Planning”

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Government Planned Care Cap Will Not Happen

Posted on 13th December 2017

The 'Care Cap' that had previously been introduced into the Care Act 2014 by the Government which was then put on hold and planned to come into play in 2020 has been abandoned.

Rise In Winter Deaths

Posted on 26th November 2017

According to the Office for National Statistics, there is a steady rise in the number of deaths occurring during the winter months, with the majority of these being women and the elderly.

Some Light Hearted Trivia

Posted on 12th November 2017

Thought I would do a light heart-ed post for a change, Wills and Lasting Power of Attorney can be very deep and thought provoking, sometimes people even avoiding thinking about getting their affairs sorted purely as they refuse to think about the worst happening.

So here are some interesting facts and nonsense and simply unbelievable things to do with Wills throughout history:

Guardian For My Children Is Why I Made A Will

Posted on 11th November 2017

If you have children below the age of 18 years, then there are some very good reasons why you should make a Will.

any people with young children seem to think that it is not necessary to make a Will. 'We are Young ourselves' 'we don't own property' 'we have nothing'. To make your wishes known, if you have young children, then you should have a Will in place, stating who you you would want to care for and bring up your children should something happen to you.

Who Are Vulnerable Clients and What is Mental Capacity?

Posted on 29th October 2017

When we talk about a vulnerable person, we often associate this with the elderly, however this is not always the case, people can be classed as being vulnerable at all different ages, it is not just about age, it can be about abilities and emotions.

In the Will Writing & Estate Planning industry, every adult has a right to be able to make a Will or put in place a Lasting Power of Attorney. People often think that because a person may have some learning difficulties that they are not capable of putting a Will in place, until it is proven that a person does not have the capacity to do something, then you need to assume that they do have the capacity.

Local Man Is Keeping Care Homes Live with Music

Posted on 22nd May 2017

Who has gone to visit their loved one in a Care Home? The answer is most of us have, either as a relative or a close friend, and how many times do you go in, and you see several people sat in the communal lounge, most often asleep, there is no activities, or very little activities, or the residents sat in their rooms, again often asleep. This is no fault of the care homes in general, they are busy people, have a lot of people to look after, and limited funds.

Well a Northampton Man is looking at changing all that!

New Inheritance Tax Threshold

Posted on 15th April 2017

So with last weeks budget, and house prices still soaring especially in the south of the country, what does the new IHT threshold offer?

The Office of Budget Responsibility says that the government will rake in near on £2 Billion in extra revenue over the next 5 years from Death Taxes. David Cameron had preciously said back in 2015, that they would take the family home out of ant tax equations, as we as hard working families should be able to pass our home on to our children free of any Inheritance Tax.

So What has happened?

Care Home Fees and Asset Protection Trusts BBC Investigates

Posted on 15th April 2017

I know throughout parts of Northamptonshire, Kettering, Wellingborough, Rushden, and Irthlingborough, and many other parts of the country, leaflets have been dropping through peoples letterboxes claiming that you can protect your home, your most valuable asset from having to pay for your care should you require care in the future, sometimes described as Asset Protection Trusts, Family Trusts, Care Home Trusts, with the promise, that you can safeguard your home from having to be used to cover care home fees.

Probate Fees The New Stealth Tax

Posted on 6th April 2017

The new Stealth Tax as may are calling it, is now in place, the new Probate Fees. These new band of fees are going to make it hard for may people who are faced with the task of sorting out their families Estates, putting a financial burden on families that may not have ready funds available to be able to pay the fees that are required upfront for probate to be granted.

Your Old Will Is It Still Going to work After April 2017?

Posted on 28th February 2017

If your Will has been in place for a number of years, you may find that after the April 2017 when the new Residence Nil Rate Band (RNRB) comes into effect, that your old Will is no longer inheritance tax efficient.