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.It's another important reasen for family life. The wording in these can be frozen until thehome-owning couples to upgrade wills states that any money leftarychildren born efthem-yourlasting power2. Bloodline Trust Willsandchildren.The majortity ot Apri Kings dlents 3.Lasting Power ofmirror wills with other firms Attorneymirror will is when a couple leave confused thinking that, becauseHaving a lasting power of attorneyshould ill-bealth happen furtherdown the line. It helps a familydeal with bank accounts andPaul explains how people often getduring a parent's lifetime anfirst death, then to the children they have made a will, theirwhen the second partner dies But f there is illness, stroke or somecan also deal with assets have to complete iatheseauoney whie they are stiliother formthey are still alive.type of wills leave a lot to chancegood mental health.Paul King. Head of April King LegalThis is not so as the seven-Inheritance Tax and not localThe solution is for couples toEveryone should actually have I someone becomes ill throughtwo documents-a will that dealswith thelr estate1. Care Cost Feesry a stroke or dementia, thisA lot of people are still unre ear rule only applies tothat ifthey need care in later life. authority care.and she remarries or goes into careafter my death then elther the ea lasting power of attorney thathusband or the local authority are deals with their estate during theinopclon is lost and the family wouldout and expensive process. It isstate ahead of my childrenEvennamed in my mirror willsynomeans cerraina good idea forfor these services. This goes back simplynot leave everything toto the Community Care Act 1990, eachother in the Grt placeThelastingpowerofattorneyis divided into two pants-onedeals with finance the other dealsplan ahead ararePaul continmes: "What myOncea in, all adults shouldbetherare children or a businesssomeoee requires social care in grndcthority wilhave done ishealth and welfare. In manyWaysisthar's registeredoleave hishar rthehouse in trustlook to use the assets of apersonuntil they get downto his children, stating that theinvolved. It's not just sometbingto think about when you get older,limit of CI4.250, when the local ndmother, was still alive. Weauthority will take over the fees. call these Property Trust Witsattorneys shouldthat's theOnceremarriage would cancel the i the need arise. It allows themy uife had previously made with attorneys, perhaps the children,People think Tm not ill,Paul knows this all too well, after my grandfather had left his halfto the childrenhadto deal with bankstothen whena big shock to my clients who had parent become incapacitated, butperhaps thought that all was ialso to deal with matters sachonder and that the amily bloodline as wbere the parent should belater life she would have only beengrundfather had died many yearsearlier and left everythingthe house, but my grandfather'swould one day inherit.When she needed care in the last ould have been safe.ix years of her life, because myto her, the house and all theher own halis a document that has to bt doneliving and how they receive care. in advance. Paul adds: "The nextyour children, must lally act in chilrnDon't forget, your childrenattorneys to act, either jointly or efattorny remains in place untiladvises on the various optionsthat their children andforcan be theentors oyu wilandattorneys a well The lasting powerunder a mirror wiIfany efOur clients tell us,We've worked hard allolurTheOnce i's registered you don't haveone party dies or loses mental in-law should thenlocal authority get it all?exmple, they are no longer in aones to lose out ander the line ofsurprised to discover that already diicult timeposition to do this legitimate andust as she died, she had gone downto that lower limit of C14.250and that's all that her childrentype of planningWorsesomeone elses even joint bankIt is therefore important forcouples to act now even if they maynot foresee carefees beingApril KingThere are many myths about thebenefit of all your yearstheir assets from being used likethis. The main one is that a parentshould simply sign their housePaul goes on to explain further of hard worktremarriage usually cancels a willand makes the new spouse nexx infamily and I'mre most peopleor heard of someone who has,have had similarwon't be taken into consideratioafor means testing. Thats ustTo eceiue your free no obuacon info packline to inherit, ahead of theirvint apritking co.uk or call usProcecting your half of the housein this way, he suggests, ensuresprotection to your childrenPaul continues: These things01865 593081of an asset bygiving property away. goingback inherit when the survivor dics.over any period in timeSometimes people think if thegift thwhole estate could have passed but give added protecrion frormis made seven years prior then theypes of wills your children haveMon-FriSat & Sun 10am-4pmmy grandmohmarriedafter the death of my granfatherAprlil King has 29 offices across the MidlandsYour local office Is Prama House, 267 Banbury RoadSummertown, Ouford 0X2 7HTinheritance they receive from youthe twists and turns of modern

Date: 06 March 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. It's another important reasen for family life. The wording in these can be frozen until the home-owning couples to upgrade wills states that any money left arychildren born efthem-your lasting power 2. Bloodline Trust Willsandchildren. The majortity ot Apri Kings dlents 3.Lasting Power of mirror wills with other firms Attorney mirror will is when a couple leave confused thinking that, because Having a lasting power of attorney should ill-bealth happen further down the line. It helps a family deal with bank accounts and Paul explains how people often get during a parent's lifetime an first death, then to the children they have made a will, their when the second partner dies But f there is illness, stroke or some can also deal with assets have to complete ia these auoney whie they are stili other form they are still alive. type of wills leave a lot to chance good mental health. Paul King. Head of April King Legal This is not so as the seven- Inheritance Tax and not local The solution is for couples to Everyone should actually have I someone becomes ill through two documents-a will that deals with thelr estate 1. Care Cost Fees ry a stroke or dementia, this A lot of people are still unre ear rule only applies to that ifthey need care in later life. authority care. and she remarries or goes into care after my death then elther the ea lasting power of attorney that husband or the local authority are deals with their estate during thein opclon is lost and the family would out and expensive process. It is state ahead of my children Even named in my mirror will synomeans cerrain a good idea for for these services. This goes back simplynot leave everything to to the Community Care Act 1990, eachother in the Grt place Thelastingpowerofattorney is divided into two pants-one deals with finance the other deals plan ahead ar are Paul continmes: "What my Oncea in, all adults shouldbe therare children or a business someoee requires social care in grndc thority wil have done is health and welfare. In many Waysisthar's registeredo leave hishar rthehouse in trust look to use the assets of aperson until they get down to his children, stating that the involved. It's not just sometbing to think about when you get older, limit of CI4.250, when the local ndmother, was still alive. We authority will take over the fees. call these Property Trust Wits attorneys shouldthat's the Once remarriage would cancel the i the need arise. It allows the my uife had previously made with attorneys, perhaps the children, People think Tm not ill, Paul knows this all too well, after my grandfather had left his half to the children had to deal with banks to then when a big shock to my clients who had parent become incapacitated, but perhaps thought that all was ialso to deal with matters sach onder and that the amily bloodline as wbere the parent should be later life she would have only been grundfather had died many years earlier and left everythingthe house, but my grandfather'swould one day inherit. When she needed care in the last ould have been safe. ix years of her life, because my to her, the house and all the her own hal is a document that has to bt done living and how they receive care. in advance. Paul adds: "The next your children, must lally act in chilrnDon't forget, your children attorneys to act, either jointly or efattorny remains in place until advises on the various options that their children andfor can be theentors oyu wiland attorneys a well The lasting power under a mirror wi Ifany ef Our clients tell us, We've worked hard all olur The Once i's registered you don't have one party dies or loses mental in-law should then local authority get it all? exmple, they are no longer in a ones to lose out ander the line of surprised to discover that already diicult time position to do this legitimate and ust as she died, she had gone down to that lower limit of C14.250 and that's all that her children type of planningWorse someone elses even joint bank It is therefore important for couples to act now even if they may not foresee carefees being April King There are many myths about the benefit of all your years their assets from being used like this. The main one is that a parent should simply sign their house Paul goes on to explain further of hard workt remarriage usually cancels a will and makes the new spouse nexx in family and I'mre most people or heard of someone who has, have had similar won't be taken into consideratioa for means testing. Thats ust To eceiue your free no obuacon info pack line to inherit, ahead of their vint apritking co.uk or call us Procecting your half of the house in this way, he suggests, ensures protection to your children Paul continues: These things 01865 593081 of an asset by giving property away. goingback inherit when the survivor dics. over any period in time Sometimes people think if thegift thwhole estate could have passed but give added protecrion frorm is made seven years prior then the ypes of wills your children have Mon-Fri Sat & Sun 10am-4pm my grandmohmarried after the death of my granfather Aprlil King has 29 offices across the Midlands Your local office Is Prama House, 267 Banbury Road Summertown, Ouford 0X2 7HT inheritance they receive from you the twists and turns of modern