NOVEMBER 2015
FREE
TM
For mature people who enjoy life! Also available online at www.seniorstoday.co.uk Tel: 01782 461711
Do YOU need a specialist Will?
&
HAVE you ever considered what the effect might be on our savings and investments (or even our home), if the probability arises of us requiring residential care later in life?
remain alive, and the property must be owned as Tenants in Common (the Trust instrument is, then, included in both Wills, but does not come into force until the death of the first).
If not, you are in the majority; however, consider that it has become increasingly apparent that the State will only provide for those with little or no savings or assets, meaning that everyone else is expected to pay at least part (if not all) of his or her costs.
Upon the first death, their share of the property (typically 50%) is placed into the Trust to be adminstered by the Trustees nominated in the Will, and this, usually, includes the surviving spouse.
Even if you don’t have the cash readily available, the Department of Social Security can still place a charge against the family home, which enables it to recover the monies owing, when the property is sold! But there is a solution - Property Trust Wills. A ‘Property Trust’ is based around three, basic elements: the basis on which you own your property; the Trust terms; and your Wills, which contain the Trust investment. The Property Trust can only be created while both partners
have you ever considered what the effect might be on your savings and investments (or even your home), if the probability arises of you requiring residential care later in life?
The Will also specifies who is to be the ultimate beneficiary of this share in the property, and the Trustee’s duty is to protect the property for the beneficiaries’ benefit. The surviving spouse, under the Trust’s terms, has the right to remain living in the property for the rest of his or her life; on the death of the second spouse, the Trust comes to an end, and the property passes absolutely to the beneficiaries. For further details, contact Anthony Heath, Associate of Countrywide Tax and Trust Corporation & Golden Charter Funeral Plans, on (01782) 361971/07780-009245 or anthony@willsforu.co.uk
Professionally Written Wills Writing a Will may be something you’ve been thinking about for many years and the reasons for a having a Will are many but if for no other reason a Will could save those you leave behind a small fortune in Solicitor’s fees!
ANNOUNCEMENT!!! OveR 1,000 hOmeS SOLd eveRy Week tO PAy CARe hOme FeeS
FIXED FEE PROMOTIONAL PRICE
£89 EACh Offer ends soon
PROTECT YOUR PROPERTY TRUST WILL ONLY £250 ThE PAIR STANDARD SINGLE WILL ONLY £89.00 STANDARD PAIR OF WILLS ONLY £138 (All these include home visit)
T: 01782 361971 | M: 07780 009245 | E: enquiries@willsforyou.org
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Includes individual bound Will, Advice on excutors, guardians, etc hOme vISItS tO SuIt | dAytIme | evenIng | WeekendS
T: 01782 361971 | M: 07780 009245 | E: enquiries@willsforyou.org
www.willsforyou.org