Call: Stoke-on-Trent (01782) 639716 or 0800 072 5510 ... for a fast, professional,
and friendly service and money-saving advice
Convenient Wills, 16 Thomas Avenue, Newcastle-under-Lyme, Staffordshire ST5 9AF
Proprietor:
Rod Jones
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Convenient Wills
• home-visit will-writing service •
• bespoke wills at ‘value for money’ prices •
• daytime and evening appointments •
Call: 0800 072 5510 or
Stoke-on-Trent (01782) 639716
- Long Term Care
- Care in the Community Act
- Deliberate deprivation of assets
Long Term Care -
and Asset Protection
‘Would you like to protect your property for your children, rather than have it sold to fund to long term care? Last year some 70,000 properties were forcibly for this reason. Well now you can. By inserting this trust clause ...’
The above is an example of the typical sales patter many will writers use to persuade a client to buy a trust clause in their will that, can, in theory, protect their property from being sold to fund long term care. But the truth is often somewhat different from the ‘rosy’ picture painted by the will salesman.
What is often not disclosed is that the inclusion of these trusts can (and do) create
financial hardship for a surviving spouse/partner. And the trusts often result in
an inflated fee for the will -
That said, there are circumstances when these trusts are worth considering. But there are also other planning opportunities might be even more effective, and cost less.
If you are concerned about the funding of long term care and are wondering about
what you need to consider I’ll give you clue. You need to know about deprivation
of assets, tenants in common, Care in the Community Act, Inheritance tax, Capital
gains Tax, gifts with reservation of benefit, Pre-
A simpler choice is to let us explain these to you, as part of our home-
