Evening and Weekend Home Visits Available In Horsham, Crawley & Surrounding Area.
Evening and Weekend Home Visits Available In Horsham, Crawley & Surrounding Area.
We offer a comprehensive Will writing and estate planning service, including Lifetime Trusts, Inheritance Tax planning, Power of Attorney & Advance Decisions (for terminal care)
We can assist you in creating an estate plan that will reflect your final wishes and help you mitigate potential Inheritance tax liabilities in order to maximise your beneficiaries inheritance.
There are two types of Lasting Power of Attorney both of which only come into force should you lose mental capacity and be unable to make your own decisions.
1. Property & Finance - this allows your appointed representative (attorney) to make decisions relating to your finances and property such as paying bills, arranging repairs or making investments.
2. Health & Welfare - this allows decisions to be made regarding your medical care, diet and where you should live.
If you lose mental capacity and you have not have LPA's in place your family would need to apply to the court of protection who would appoint a deputy to make these decisions for you.
Care Home fees are a worry for many people as the local authority will assess the whole of your estate to confirm your ability to pay them. This could involve you having to sell your family home. It is possible to protect your home by using a Lifetime trust or a Will trust to leave your share of your property to your children rather than your spouse , this would mean your children become owners of your share of the house on your death and their share would not be included in the assessment for care fees. This does not mean you will not have to pay care home fees but it will give you control over how they are paid and will avoid certain assets being forceablly sold.
Raine Financial Ltd
50 Hurst Court, Horsham West Sussex RH12 2EW
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Raine Financial Ltd