- Written by: Jason
- Category: Care Home Fee Planning, Will Writing
- Published: 28th March 2013
Most of us work very hard over the years to buy our own homes and build up our savings for our retirement and would like to leave a “little something” for our children and grandchildren after we are gone.
Unfortunately, the costs involved in moving into a Care Home can literally wipe out your entire savings and your home may have to be sold to pay for care fees.
- Written by: Jason
- Category: Inheritance Tax Planning, Uncategorised
- Published: 25th March 2013
“Bloodline Planning” is the process of ensuring that your assets reach your children, grandchildren and other relatives. Rather than ending up in the wrong hands!
When assets are distributed in a Will to beneficiaries absolutely so much can be lost.
- Written by: Jason
- Category: Will Writing
- Published: 18th March 2013
The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.
The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state.
- Written by: Jason
- Category: Will Writing
- Published: 13th March 2013
The Role of A Guardian
Making a Will and appointing a guardian in your Will is very important if you have children.
If you were to die without having made a Will. Your children could be placed in care until the court appoints official guardians to look after them.
This could take months and would obviously result in distress for your children and other members of your family.
- Written by: Jason
- Category: Uncategorised
- Published: 9th March 2013
There may come a time in your life when you are unable to manage your financial affairs or personal welfare. Owing to some form of incapacity and you will need someone to act on your behalf.
Even when we are young, we can find ourselves incapacitated owing to illness or injury and it can be invaluable
- Written by: Jason
- Category: Uncategorised
- Published: 7th March 2013
Trusts have been instrumental in mitigating tax since Medieval times. Trusts were initially created for the Nobility and wealthy landowners to avoid paying taxes to the Crown.
The introduction of Trusts led to a distinct loss of tax revenue and it did not take long for the first anti-avoidance statute to be introduced; by Henry VIII in 1535. Since then, there have been many changes to Trusts and their uses and equally to the Inland Revenue rules which affect them.
- Written by: Jason
- Category: Uncategorised
- Published: 28th February 2013
The Role of an Executor is to administer the estate on the death of the Testator.
A Testator is a person who has written and executed a Last Will and Testament that is in effect at the time of his/her death. Which names one or more Executors to act as personal representatives for their estate.
Executors carry out certain tasks in order to legally fulfil their obligations
- Written by: Jason
- Category: Customer Service
- Published: 23rd June 2012
As a consumer purchasing products or services. I often stop to ask myself this question especially when dealing with the larger corporate organisations of this world. Sadly in a lot of cases, the answer is yes!
It is sad when the pressure of surviving into today’s economic climate means that organisations feel the need to strip their business model down in order to cut costs. However, I strongly believe the lack of focus on the importance of best in class customer service has been growing for years. And is not just a result of our recent credit crunch.
- Written by: Jason
- Category: Uncategorised
- Published: 5th June 2012
The Mail On Sunday – Make a Will If Its The Last Thing Yo Do
With nearly 30 million people in Britain without a Will the Mail on Sunday looked at the importance of making a Will and the consequences of dying without a Will.
Many people believe that their estate will automatically pass to those closest to them even if they have not made a Will however the reality is very different.
What are the consequences of dying without a Will?
If you are married or in a civil partnership and have no children, when you die your spouse or partner will receive all your personal belongings but nothing that was used for business purposes. They will receive the whole of the estate free of tax up to a value of £450,000 but above that figure half goes to the surviving partner and the other half will go to surviving parents. Where there are no parents any brothers and sisters will get a share – or their children will if they died while you were still alive. Only if you die leaving no surviving parents or siblings and their children will your entire estate pass to your spouse or partner.
If you have children then your partner or spouse will get the whole of your estate (but nothing used for business purposes) up to the value of £250,000 tax free but above that the rest will go to your children.
If you live with someone but are not married or in a civil partnership the results are even more dire
Your surviving partner will not automatically get a share of the estate and will probably have to make a claim through the courts.