Simple steps homeownerscan take now to protecittheir assetsHead of April King Legal Paul King explains why somehomeowners are doing too little, too late to protect theire doing too ittle, too late to protect theirassetsCare Cost FeesA lot of people are still unawarethat if they need care in later life,their assets will be means tested bythe Local Authority to help pay forIf my grandfather had left his Itallows the attorncys, perhapshalf of the house in trust to thechildren then when mygrandmother sabsequentlyreceived care in ber later life shewould only have been meanswith matters such as where thetested on her own half of the paren should be living and howthe children, to deal with thebanks and pension companicsincapacitated, but also to dealPaul King, lead of April King Legalhe oceal Auhor wll lok o 'heyshould reriveThe Lasting Power of Attorneyuse the assets of a person until theyget down to a lower limit ofE14,250, when the Local Authority "Why should he have to your children, must legally act"This oflen comes as a big shockto my elients who had pethapswould have been safe"Your attormeys, again perhapsremains in place until you diein uness you want to cancel it.toght that all was in order andyour best interests at all times.that thes registered, you don'the didn't receive anyThe same is true for thinking thattheir children andiorindcpendently, and ApeKinless A burden has beenrocently at the age of 92. Mygrandfather had died many years The important factor is that advises on the various optionsremoved from the family at ancarlier and eft everything to her." couples need to act in advanee. available."When she needed care in the last Once one party dies or losesoday bencfit under aBloodline Trust WillsIf any of your children should die"Cosurprised to discover thataresix years of her life, because myfor example, then they are noThe majority of April King'sclients have already madebushandhusband or wife and thatgrandfather had left esher, the house and alt the estae longer in a position to do this even jointbank accoutscanshould then remarry, then yourother finms before approachingthe Firm A Mirr Wll is when Jose out under the linc ofwould be the ones to-It is therefore important forLting Power of"Our clients tell us,We've worked hard al ot foresee care fees being an Attorney document.our lives, why should the issueLocal Authority get it ul goes on to explain that most Attormcy removes the burden onall?""Just as she died, she had goneeach other on the first death,then to the children when thesecond partner dies. But modern"Worse still, someonefamily life means these tyne ofwould be in line to receiveclients he sees are surprised to children should ill health happen Wills leave a lot to chanceleam remarriage usually cancels a further down the line.Explains Paxal: "IfI have aWill and makes the spouse ext in helps a family deal with bank Mior Will leaving everythingline to inherit, ahcad of their own aecounts and so on during ato my wife and she remamics orgoes into care after my deathyears of hard work.Ive experienced this in my own14.250 and that's all her children children Protecting your haparena's lifetime and ceases onfamily and I'm sare mosthave had similar experiences orare many myths about theensures that your chaldrenothe Local Authority are likely to heard of somcone who hastheir assets from being used like survivor diesthisBloodline Trust Wills give greaterwhile you are still in good mental"If somcone becomes ill throughoption is lost and the familyestate ahead of my children"Even if my children arenamed in my Mirrorafter the death of my grandfatherthe whole eThese type of Wills not only giveyour children complete control andestate could haveshould simply sign their houseover to the children now, so itfo mansesng That's just not Lasting Power of Attorney Depuipship Order from the Court inherit anything.certain that they willadded prtection from the twistsreceive from you, they also grantPaul explains how people often of Protection a drawn out andget confused thinking that,Once aremanniage would cancel thewil my wife had previouslyn, this is becuse a The wording in these Wills statesthat any moncy left over on theirmast pass to any childrendeprivedyoursclf of an assct by hegiving property away, going backbecause they have made a Will.·executors can also deal with"It is therefore a good idea forclients to plan abead and remove made with me and make the news if there is iliness, stroke oranyfuture burden from thesome other form of incapacity"Sometimes people think that if while they are still alive.the gift is made seven years price Everyne should actually havethen the house is safe. This isottwo documents-aOnce again, all adults should beApril King has prepared a free information packthinking of this, particularly whenthere are children or a businessa Will that dealsfor readers of the Witney Gazettewhich is available by calling01865 593081Lines open Mon-Fri Kam-7pm,with their estate on death, and a involved.applics to Inheritance Tax and notdeals with their estate during theirabout when you get older, that'sSat 1each other in the first placePeople think, 'I'm notYou can also email info aprilking.co.uk or visit"What my grandfather could have with finance, the other deals with ill, why do I need todone is leave his half of the house health and welfare.www.aprilking.co.uk/infApril Kingin trust to his children, stating thatIn many ways it's simalar to a Attorney?But they 'reregistered now and one which can missing the point. This isbe physically handed to theApril King has 20 offices across the Midlands.alive. We call these Property Trusta document that has toattorneys should the noed arise." be done in advance."Summertown. Osford. OX2 7IT

Date: 12 July 2017

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Simple steps homeowners can take now to protecit their assets Head of April King Legal Paul King explains why some homeowners are doing too little, too late to protect their e doing too ittle, too late to protect their assets Care Cost Fees A lot of people are still unaware that if they need care in later life, their assets will be means tested by the Local Authority to help pay for If my grandfather had left his Itallows the attorncys, perhaps half of the house in trust to the children then when my grandmother sabsequently received care in ber later life she would only have been meanswith matters such as where the tested on her own half of the paren should be living and how the children, to deal with the banks and pension companics incapacitated, but also to deal Paul King, lead of April King Legal he oceal Auhor wll lok o ' heyshould rerive The Lasting Power of Attorney use the assets of a person until they get down to a lower limit of E14,250, when the Local Authority "Why should he have to your children, must legally act "This oflen comes as a big shock to my elients who had pethaps would have been safe "Your attormeys, again perhapsremains in place until you die in uness you want to cancel it.toght that all was in order and your best interests at all times. that the s registered, you don't he didn't receive any The same is true for thinking that their children andior indcpendently, and ApeKin less A burden has been rocently at the age of 92. My grandfather had died many years The important factor is that advises on the various optionsremoved from the family at an carlier and eft everything to her." couples need to act in advanee. available. "When she needed care in the last Once one party dies or loses o day bencfit under a Bloodline Trust Wills If any of your children should die "Co surprised to discover that are six years of her life, because my for example, then they are no The majority of April King's clients have already made bushand husband or wife and that grandfather had left es her, the house and alt the estae longer in a position to do this even joint bank accouts can should then remarry, then your other finms before approaching the Firm A Mirr Wll is when Jose out under the linc of would be the ones to -It is therefore important for Lting Power of "Our clients tell us, We've worked hard al ot foresee care fees being an Attorney document. our lives, why should the issue Local Authority get it ul goes on to explain that most Attormcy removes the burden on all?" "Just as she died, she had gone each other on the first death, then to the children when the second partner dies. But modern "Worse still, someone family life means these tyne of would be in line to receive clients he sees are surprised to children should ill health happen Wills leave a lot to chance leam remarriage usually cancels a further down the line. Explains Paxal: "IfI have a Will and makes the spouse ext in helps a family deal with bank Mior Will leaving everything line to inherit, ahcad of their own aecounts and so on during a to my wife and she remamics or goes into care after my death years of hard work. Ive experienced this in my own 14.250 and that's all her children children Protecting your ha parena's lifetime and ceases on family and I'm sare most have had similar experiences or are many myths about the ensures that your chaldren o the Local Authority are likely to heard of somcone who has their assets from being used like survivor dies this Bloodline Trust Wills give greater while you are still in good mental "If somcone becomes ill through option is lost and the family estate ahead of my children "Even if my children are named in my Mirror after the death of my grandfather the whole e These type of Wills not only give your children complete control and estate could have should simply sign their house over to the children now, so it fo mansesng That's just not Lasting Power of Attorney Depuipship Order from the Court inherit anything. certain that they willadded prtection from the twists receive from you, they also grant Paul explains how people often of Protection a drawn out and get confused thinking that, Once a remanniage would cancel the wil my wife had previously n, this is becuse a The wording in these Wills states that any moncy left over on their mast pass to any children deprivedyoursclf of an assct by he giving property away, going back because they have made a Will.· executors can also deal with "It is therefore a good idea for clients to plan abead and remove made with me and make the new s if there is iliness, stroke or any future burden from the some other form of incapacity "Sometimes people think that if while they are still alive. the gift is made seven years price Everyne should actually have then the house is safe. This isottwo documents-a Once again, all adults should be April King has prepared a free information pack thinking of this, particularly when there are children or a business a Will that deals for readers of the Witney Gazette which is available by calling 01865 593081 Lines open Mon-Fri Kam-7pm, with their estate on death, and a involved. applics to Inheritance Tax and not deals with their estate during their about when you get older, that's Sat 1 each other in the first place People think, 'I'm not You can also email info aprilking.co.uk or visit "What my grandfather could have with finance, the other deals with ill, why do I need to done is leave his half of the house health and welfare. www.aprilking.co.uk/inf April King in trust to his children, stating that In many ways it's simalar to a Attorney?But they 're registered now and one which can missing the point. This is be physically handed to the April King has 20 offices across the Midlands. alive. We call these Property Trust a document that has to attorneys should the noed arise." be done in advance." Summertown. Osford. OX2 7IT

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