Simple steps homeowners cantake now to protect their assetsHead of April King Legal Paul King explains why some homeownersare doing too little, too late to protect their hard-earned assets.subsequently received care in her e and make the new hushandlater life she would have only been next rkin. This often comes as bigmeans tested on her own half of the shock ro my cilents who had perhapshouse, but my grandfathers hay1. Care Cost FeesA lot of people are still unawarethat if they need care in later life.their assets will be means-cested bythe local athority to belp pary forthese services. This goes back to thewould have been safethat the family bloodline would oneThe same is true for thinking thatcame inco foece in i993If somcone requires social care inhedidn't receive any care?wl one ateit under a mirrorwill If any of your childrn shouldhusband or wife and that son-in-rmarry then your grundchildremlater life, the local authority wThe important factor is that couplesumil they get down to a lower limitnend to act in advance. Once oneoCi4.250, when the local authorityparry dies or loses mental capacirywill take over the fees.a stroke for exampl, thraeno loger in a posirion to do thiswould be the ones to losePaul knows this all toowelrPual King, Head of April King Legalaislegirimate and straightforwand type the ine ofinheritance.Worse still, someone elsesparent become incapacitated, butly for a onder from the Courtaway recently at the age of 92. My is therfore important for couplesgrandfacher had died ay years ot now even ithey may notearlier and left everything toher. foresee carefees being an issue.where the parent should be living expensive peocess It is therefore agood idea or dlients to plan aheadand how they receive care. Yourremove any future burden from(Oace again, all adults should bethinking of ths, particularly whereWhen she needed care in thelast Paul goes on to explain a further benefit of all your years aormeys, agalin perhaps yourmybest interestsnall times You canallto her, the house and all the estatewere counted in the local authority'sremarriage usually cancels a willand makes the new spouse nex inattorneys to act.eitherlointly or indy,andI've experienced this in my ownfamily and I'm sure most people haweline to inherit, ahead of theitoptions availablksomrone who has, Eloodline trustswill give greater protection to yourto think about when you get oldet,Our clients tellWe've worked hard all ourProtecting your half of the house inPeople think Im not illives, why should the local yourchildren ultimately inherit Paul continues: "These thingscanHad my grandeother remarrledthe whole estate could have pasedo discover that even jointtoauthority get it all"trusts will. Under these toypes of wilsyour children have complete contreleessight of a lasting power ofafter the drath of my granhJust as she died, she had gone dowto that lower iielt ofand that's al that her childrenreceive from you but give addedprotection from the twists and turnsof modern familyfe. The wordingtheis a document that hasto be done inHaving a lasting power of attorneyadvance. Paul adds: "The next partin thes s saesthat any moncy removes the burden on childrentoveon their demise ustpasshould-health happen furtherThere are many mythsabout the It's another imgortant reason fohome-owningcouples to upgrade toro appoint theakildren. Dont forget, your childrento any children born of them-your down the line, It helps a familycan be the executors ofyour will andthis. The main one is that a parentshoald simply sign their house ove.loodine Trust Willsdeal with bank acoounts and so onas well The lasting powerof amorney remains in place untilyou die unlessyouwant tocancelLto worry if you thenbeen removed from the family at anThehave alreay made standard "mirrorcomplete a lasting power ofattorneywhile they are still in good mental Once it's registered, you dont havemajority of April King's cliemstesting. Thattt true.took to see if you've'delibertelypphng the 6rm A mirror will confused thinking that, becausegiving property away, going back each other on the flest death, then executors can also deal with assetsifhow people often getis when a couple leave everything toto the children when the secondPartner dies. But moderm family lifethey have made a will, theirthere is illness, stroke ot some otherform of incapacity while they areIf someone becomes ill through say. deblaingiess A burden hasis lost and the tamily would haveSometimes people think if the gifts made seven years prior then themeans these type of wills leave a lotApril KingThis is not soasthe seven-year rule Explains Paul: .yi have  mirrorcely applies to Inberitance Taxand i leaving everything to my wfenot local authority careThe solution is for couples to simply hushand or the local authority arenot leave everything to each othr inkdocuments-awl that deals withtheir estate on death, and a lastingand she remarries or goes into care power of actorney that deals withFREE INFORMATION PACKTo receive your free, no obligation info packvisit aprilking.co.uk or call us onafter my death then either the new their esate during their etime,likely to inherit most, if not all ofmyestate ahead of my childrenThe lasting power of attorney is aPaul coetinues: "What mygrandfather could have done is01905 691694divided into two parts-one dealsarewith finance. the other deals within my mirror will it health andcouldn't have it while his wife, my s by no means certain thatgrandmother, was still allve. We calthese Property Trust Willsthats registered now and one whichLines open Mon-Fri Sam-spm, Sat & Sun oam-4pmApril King has 35 offices across the MidlandsYour local office is: County House, Saint Mary's Street,f my grandfather had left histhis is because aremarriage would cancel the wilmywie had previously made withchaldren, to deal with banks andpension conpanies ec should theirey grandmocher

Date: 04 January 2018

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Simple steps homeowners can take now to protect their assets Head of April King Legal Paul King explains why some homeowners are doing too little, too late to protect their hard-earned assets. subsequently received care in her e and make the new hushand later life she would have only been next rkin. This often comes as big means tested on her own half of the shock ro my cilents who had perhaps house, but my grandfathers hay 1. Care Cost Fees A lot of people are still unaware that if they need care in later life. their assets will be means-cested by the local athority to belp pary for these services. This goes back to the would have been safe that the family bloodline would one The same is true for thinking that came inco foece in i993 If somcone requires social care inhedidn't receive any care?wl one ateit under a mirror will If any of your childrn should husband or wife and that son-in- rmarry then your grundchildrem later life, the local authority w The important factor is that couples umil they get down to a lower limitnend to act in advance. Once one oCi4.250, when the local authority parry dies or loses mental capaciry will take over the fees. a stroke for exampl, thr aeno loger in a posirion to do this would be the ones to lose Paul knows this all toowelr Pual King, Head of April King Legal ais legirimate and straightforwand type the ine ofinheritance. Worse still, someone elses parent become incapacitated, butly for a onder from the Court away recently at the age of 92. My is therfore important for couples grandfacher had died ay years ot now even ithey may not earlier and left everything toher. foresee carefees being an issue. where the parent should be living expensive peocess It is therefore a good idea or dlients to plan ahead and how they receive care. Your remove any future burden from ( Oace again, all adults should be thinking of ths, particularly where When she needed care in thelast Paul goes on to explain a further benefit of all your years aormeys, agalin perhaps your my best interestsnall times You can all to her, the house and all the estate were counted in the local authority's remarriage usually cancels a will and makes the new spouse nex in attorneys to act. eitherlointly or indy,and I've experienced this in my own family and I'm sure most people hawe line to inherit, ahead of theit options availablk somrone who has, Eloodline trusts will give greater protection to your to think about when you get oldet, Our clients tell We've worked hard all our Protecting your half of the house in People think Im not il lives, why should the local yourchildren ultimately inherit Paul continues: "These thingscan Had my grandeother remarrled the whole estate could have pased o discover that even joint to authority get it all" trusts will. Under these toypes of wils your children have complete contrel ees sight of a lasting power of after the drath of my granh Just as she died, she had gone dow to that lower iielt of and that's al that her children receive from you but give added protection from the twists and turns of modern familyfe. The wording the is a document that hasto be done in Having a lasting power of attorney advance. Paul adds: "The next part in thes s saesthat any moncy removes the burden on children toveon their demise ustpasshould-health happen further There are many mythsabout the It's another imgortant reason fo home-owningcouples to upgrade to ro appoint thea kildren. Dont forget, your children to any children born of them-your down the line, It helps a family can be the executors ofyour will and this. The main one is that a parent shoald simply sign their house ove.loodine Trust Wills deal with bank acoounts and so on as well The lasting power of amorney remains in place until you die unlessyouwant tocancelL to worry if you then been removed from the family at an The have alreay made standard "mirror complete a lasting power ofattorney while they are still in good mental Once it's registered, you dont have majority of April King's cliems testing. Thattt true. took to see if you've'delibertelypphng the 6rm A mirror will confused thinking that, because giving property away, going back each other on the flest death, then executors can also deal with assetsif how people often get is when a couple leave everything to to the children when the second Partner dies. But moderm family life they have made a will, their there is illness, stroke ot some other form of incapacity while they are If someone becomes ill through say. deblaingiess A burden has is lost and the tamily would have Sometimes people think if the gift s made seven years prior then the means these type of wills leave a lot April King This is not soasthe seven-year rule Explains Paul: .yi have mirror cely applies to Inberitance Taxand i leaving everything to my wfe not local authority care The solution is for couples to simply hushand or the local authority are not leave everything to each othr ink documents-awl that deals with their estate on death, and a lasting and she remarries or goes into care power of actorney that deals with FREE INFORMATION PACK To receive your free, no obligation info pack visit aprilking.co.uk or call us on after my death then either the new their esate during their etime, likely to inherit most, if not all ofmy estate ahead of my children The lasting power of attorney is a Paul coetinues: "What my grandfather could have done is 01905 691694 divided into two parts-one deals are with finance. the other deals with in my mirror will it health and couldn't have it while his wife, my s by no means certain that grandmother, was still allve. We cal these Property Trust Wills thats registered now and one which Lines open Mon-Fri Sam-spm, Sat & Sun oam-4pm April King has 35 offices across the Midlands Your local office is: County House, Saint Mary's Street, f my grandfather had left his this is because a remarriage would cancel the wil mywie had previously made with chaldren, to deal with banks and pension conpanies ec should their ey grandmocher