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.1. Care Cost Feessubsequently received care in herme and make the new hushandlater life she would have only been next-o-kin. This often comes as a bigmeans tested on her own half of the shock to my cilents who had perhapsA lot of people are still unawarethat i they need care in later life,their assets will be means-cested bywould have been safe.that the family bloodiine would onethe local authority to p par forthese services. This goes back to theWhy should he have toCommunity Care Act 1990, whichcame inco foece in 1993.If somcone requires social careinlater life, the local authority wilhe didn't receive any care?wll one day benefit under a mirrorwill Iyany of your didren shouldThe important Jactor is that couplesurail they get down to a lower limit need to act in advance. Once aneof4,250, when the local authority party dies or loses mental capacity,will take over the fces.a stroke for camplt, theyrmary, then yourgerin a position to do thiswould be the ones to losePaul knows this all too wel, aterPnul King, Head of April king LegalWorse still, someone elses parent become incapacitated, but pply for a order from the Courtaway recently at the age of sa. My t is thergore important for couplesgrandfuther had died many years t now even iy may notwhere the parent should be living expensive peocess It is therefore aand how they receive care. Yourgood idea tor dlients to plan abeadWhen she needed care in thelast Paul goes on to explain a further benefit of all your years ormeys, again perbaps your aremove any future burden fromall times. Youcan Once again, all adults should beand Im sure most people have cithery r ndepenently, and there are children oc a businesssees are surprised to learn thatchoose a mumber of atorneys to act, thinking of this, partikularly whereto her, the house and all the estate remarriage usualy cancels a willwere counted in the local awthoritys and makes the new spouse next in amI've experienced this in my ownline to inherit, ahead of theirsonnone who has, BloodUne trustsoptions available.to think about when you get older,Our clients tell us,We ve worked hard alllives, why should the localruecting your half of the housein wlgive greateryourchildren ultimately inherit Paul continues: "These chings canto discover that even jointPeople think Im not ill,toHad my grandmother remarrled trusts will. Under these toypes of willsseesafter the drath of my granhryour children have complete controlust as she died, she had gone dowmto chat lower mes ofand thatsl that her childreninheritedthe whole estate could have pasedand accesstheysight of a lasting power ofrecrive from you but give addedof modern famiy fe. The wording Having a lasting power of actorney adance. Paul adds: "The next partto any children born of them-your down the ineIt helps a familyButis a document that has to be done inThere are many myths about thesteps people can take to protectI's anotler important reason for in these wids staes that any moneyhome-owning couples to upgrade to ltover on their demise mssremoves the burden on childrenshould -health happen furtheris to appoint the amornaos, yourchildren Don't forget, your childrencan be the executors of your will andthis. The main one is that a parentshould simply sighousov. Bloodline Trust Willsdeal with bank acooants and so onduring a parent's lifetime and ceasesof amorney remains in place untilas well The lasting powerdie unless youcomplete alasring power of attorncy yuwhille they are still in good mental ct's registered, you dont haveThemajoriry of April King's clientstesting. Thar'sjust not true.Attorneyhave already made standard "mirrorwills with other tirms beforeto worry if you thenLocal authoricies will actuallylook to seeif you've 'deliberteyPaul explains how people often getconfused thinking that, becauseapproaching the 6rm A mirnoe willis when a couple leave everything todebltaning illness A burden hasairrady diicuit time.someone becoeesl through say.of an asser bythey have made a will, thegiving property away, going backch oher on the irst death, then executoes can also deal with assets If is los and the amily would haveto the chilkdren when the secondthere is illness, stroke or some otherSometimes people think if thegifts made seven years prior thtPrtner dies. But modern family lifeeans these type of wills leave a losform of incapacity while they areApril Kingdocumnts-awill that deals withand she remarries or gos into care POWEr ofactorney that deals withThis is not so as the seven-year ruleExplains Paul: "Ihave a mirrertheir estate on death, and a lastingoely applies to Inberitance Tax andioot local authority careleaving everything to my wfetheir estare during their etime,The lasting power of attorney is adivided into two parts-one dealsFREE INFORMATION PACKh neaeive yolat fret, ohhgth ino packvisit aprilking.cou or call unoThe solution is for couples to simply hushand or the locai authority areafter my death then either the newyseach other inlkely to inherit most if not allestate ahead of my chidrenPaul coctinues: "Whatmygrandfather couid have done isso23 800 16143with finance, the other deals withhealth and welfare. Inin my mirror will itmeans certain thatto his children, stating that theycouldnt have it while hiswife, s by nograndmother, was still alive. W cullthese Property Trust willsf my grandfather had left histhats egistered now and one whichLines open Mon-Fri Sam-spm, Sat & Sun loam-4pmApril King has35 offices across the MidlandsYour local ofice is: Enmerprise House, Ocean Village,actorneys should the need arise.ItOnce again, this is because aremarriagr would cancel the wilhiiren, to deal with banks andmy grandmothermwie had previonsly made with

Date: 11 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. 1. Care Cost Fees subsequently received care in her me and make the new hushand later life she would have only been next-o-kin. This often comes as a big means tested on her own half of the shock to my cilents who had perhaps A lot of people are still unaware that i they need care in later life, their assets will be means-cested by would have been safe. that the family bloodiine would one the local authority to p par for these services. This goes back to the Why should he have to Community Care Act 1990, which came inco foece in 1993. If somcone requires social carein later life, the local authority wil he didn't receive any care?wll one day benefit under a mirror will Iyany of your didren should The important Jactor is that couples urail they get down to a lower limit need to act in advance. Once ane of4,250, when the local authority party dies or loses mental capacity, will take over the fces. a stroke for camplt, they rmary, then your gerin a position to do this would be the ones to lose Paul knows this all too wel, ater Pnul King, Head of April king Legal Worse still, someone elses parent become incapacitated, but pply for a order from the Court away recently at the age of sa. My t is thergore important for couples grandfuther had died many years t now even iy may not where the parent should be living expensive peocess It is therefore a and how they receive care. Your good idea tor dlients to plan abead When she needed care in thelast Paul goes on to explain a further benefit of all your years ormeys, again perbaps your a remove any future burden from all times. Youcan Once again, all adults should be and Im sure most people have cithery r ndepenently, and there are children oc a business sees are surprised to learn that choose a mumber of atorneys to act, thinking of this, partikularly where to her, the house and all the estate remarriage usualy cancels a will were counted in the local awthoritys and makes the new spouse next in am I've experienced this in my own line to inherit, ahead of their sonnone who has, BloodUne trusts options available. to think about when you get older, Our clients tell us, We ve worked hard all lives, why should the local ruecting your half of the housein wlgive greater yourchildren ultimately inherit Paul continues: "These chings can to discover that even joint People think Im not ill, to Had my grandmother remarrled trusts will. Under these toypes of wills sees after the drath of my granhryour children have complete control ust as she died, she had gone dowm to chat lower mes of and thatsl that her children inherited the whole estate could have pased and access they sight of a lasting power of recrive from you but give added of modern famiy fe. The wording Having a lasting power of actorney adance. Paul adds: "The next part to any children born of them-your down the ineIt helps a family But is a document that has to be done in There are many myths about the steps people can take to protect I's anotler important reason for in these wids staes that any money home-owning couples to upgrade to ltover on their demise mss removes the burden on children should -health happen further is to appoint the amornaos, your children Don't forget, your children can be the executors of your will and this. The main one is that a parent should simply sighousov. Bloodline Trust Wills deal with bank acooants and so on during a parent's lifetime and ceasesof amorney remains in place until as well The lasting power die unless you complete alasring power of attorncy yu whille they are still in good mental ct's registered, you dont have The majoriry of April King's clients testing. Thar'sjust not true. Attorney have already made standard "mirror wills with other tirms before to worry if you then Local authoricies will actually look to seeif you've 'delibertey Paul explains how people often get confused thinking that, because approaching the 6rm A mirnoe will is when a couple leave everything to debltaning illness A burden has airrady diicuit time. someone becoeesl through say. of an asser by they have made a will, the giving property away, going backch oher on the irst death, then executoes can also deal with assets If is los and the amily would have to the chilkdren when the second there is illness, stroke or some other Sometimes people think if thegift s made seven years prior tht Prtner dies. But modern family life eans these type of wills leave a los form of incapacity while they are April King documnts-awill that deals with and she remarries or gos into care POWEr ofactorney that deals with This is not so as the seven-year rule Explains Paul: "Ihave a mirrer their estate on death, and a lasting oely applies to Inberitance Tax andi oot local authority care leaving everything to my wfe their estare during their etime, The lasting power of attorney is a divided into two parts-one deals FREE INFORMATION PACK h neaeive yolat fret, ohhgth ino pack visit aprilking.cou or call uno The solution is for couples to simply hushand or the locai authority are after my death then either the new ys each other in lkely to inherit most if not all estate ahead of my chidren Paul coctinues: "Whatmy grandfather couid have done is so23 800 16143 with finance, the other deals with health and welfare. In in my mirror will it means certain that to his children, stating that they couldnt have it while hiswife, s by no grandmother, was still alive. W cull these Property Trust wills f my grandfather had left his thats egistered now and one which Lines open Mon-Fri Sam-spm, Sat & Sun loam-4pm April King has35 offices across the Midlands Your local ofice is: Enmerprise House, Ocean Village, actorneys should the need arise.It Once again, this is because a remarriagr would cancel the wil hiiren, to deal with banks and my grandmother mwie had previonsly made with