* Approximately 1 in 4 people in this country will require formal care at some time in their lives. To fund this care they may have to sell their home. Is that what you want?
* A staggering 70,000 homes are sold each year in England and Wales to fund long term care, that’s nearly 200 every day! Do you want yours to add to that statistic?
* Potentially, as little as £13,500 could pass to their children and out of that they would still have to fund the funeral……….. Probably not exactly what you would have hoped for.
It is possible to cushion the impact of care home fees by setting up a Property Protection Trust ensuring that as much as possible of the estate that has been hard earned over a lifetime is passed on to the designated beneficiaries. The simple step of changing property ownership from Joint Tenants to Tenants in Common makes such protection possible by facilitating the writing of a trust to protect the deceased’s share of the estate on the death of the first partner. Other trusts can be used to provide for dependent relatives or pets; lessen the impact of Inheritance Tax or give relatives the right to reside in a property after the owner’s death.
A completely free, no obligation talk with a specialist consultant in your own home at a time of your choosing will help you to select the options that are available to you.
TAKE CONTROL NOW AND GAIN PEACE OF MIND!
Ring David on 01424 854561(or 07967 159376) or Rita on 01424 465267 or visit www.clshastings.co.uk.
Tags: statistic, lifetime, relatives, obligation, pets, peace of mind, beneficiaries, trusts, inheritance tax, rita, long term care, property ownership, england and wales
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Source: http://www.articlealley.com/article_1076290_18.html
Source: http://www.articlealley.com/article_1076290_18.html