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Unexpected Pitfalls of Equity Release: Buy With Care!

Equity release can backfire on live-in family carers, says Bob Evans, an expert on Care Matters. This is his example of how it can be disastrous in the wrong circumstances, with family members who do not fully understand how it works, or may not even know it is in place. Always bear in mind that the property will have to be sold when the last of the original owners who signed up for it either…

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#pitfalls of equity release

Home Visit Wills of Worthing, Crawley & West Byfleet

Sadly the owner of this business died many years ago, but he had asked us to do our best to help his clients when he realised his health was failing. Many of their clients will now be in need of updates and reviews, most especially those with Inheritance Tax Wills. We don’t store their Wills, but we are aware where the stored ones are. Please do get in touch. The old postal address (Head Office)…

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Meridian Wills of Croydon

Meridian Wills of Meridian House, Vulcan Way, Croydon CR0 9UG went out of business many years ago. Their Wills were a distinctive “yellow” marbled vellum colour and most clients had copies. When Meridian realised they were going out of business, they tried to return documents to their owners, only to give up when they discovered that many clients had moved, so the documents were being returned…

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STEP REPORT: How Out of Date is Your Estate Planning

Or how to cost your family £140,000 plus. Not that the STEP Report specifically mentions that tens of thousands of pre April 2017 IHT Planning Wills in the UK now have the opposite effect! Estate Planning in 2022 We have always believed that Estate Planning is an ongoing journey, not a one-time fix as most people seem to believe. Tax, the Law, and “family” circumstances are constantly changing…

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#STEP Report

Adult Social Care Complaints 2021

The Local Governments Ombudsman reports a rising tide of Adult Social Care complaints. But what proportion were justified in Sussex and other areas? The overall success rate of Adult Social Care complaints is massive 72%, with Leeds and Wirral leading the way at getting it wrong. What a waste of resources which would be better devoted to helping the people under their care. In East Sussex there…

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#adult social care complaints

Do I Need a Will?

Do I need a Will? Making a will can seem like a scary job that ends up being on the back burner for years. But things can go wrong, and it would be uncomfortable to look down (or up!) and see everything going wrong for your family because you left it just a bit too long. Early deaths are a reality that has become rather too common these days. What if it stays on the back burner until too…

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How to Protect against Predatory Marriage

The i newspaper and the BBC have discovered many cases where lonely, simple or elderly or ladies and gentlemen have been persuaded to marry totally unsuitable scammers. Often the family doesn’t discover the predatory marriage until the “widow” or “widower” walks away with all or most of the estate. The predator may pretty much disappear from the scene until their “spouse” dies, and they then…

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#gold diggers #predatory marriqage

20+ Estate Planning Tips and Traps

Every situation is different, and there is no substitute for regular reviews of your situation to take into account personal and family changes, as well as changes in Taxation and the Law. We recommend joining Will Custodians Peace of Mind Service, a low-cost service to help you stay up to date. So let’s get to the Estate Planning Tips: The one above – regular review is the single most…

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#IHT #Review #Tips #Updates

Snatched from Home By Social Workers

This could happen to you if East Sussex Social Services disagree with how your family looks after you (though I am sure they wouldn’t just turn up with the Police and a battering ram in the first instance!) But everyone needs to understand that once they are declared unable to make their own decisions, relatives’ views are irrelevant – Social Services and the Court of Protection take over. UNLESS…

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#LAsting Power of Attorney Health and Welfare #Welfare LPA

Will Real Improvements Be Made to Lasting Powers of Attorney?

The Government has launched a consultation into how to make Lasting Powers of Attorney easier to set up, and safer from abuse. We’re not too sure that this will result in better safeguards or improvements, but even if it cuts registration time from the current ludicrous 20 weeks (assuming everything is absolutely perfect) it will be a boon. At the moment, the Office of the Public Guardian all too…

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Disputes Between Executors

Disputes between Executors – The Consequences can be Expensive! Do executors all have to agree on everything? Unless an executor has renounced (formally decide not to act) or has reserved powers (not to act at this time) then the remaining executors must come to an agreement on everything. They must be fair and reasonable in their dealings or they risk the Court penalising them if things…

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#executor argument #executor not doing

Beneficiary In The Dark

Enquiry: Hello. I am writing this from the United States. I am in need of help as I was informed that I am to inherit a flat from my Granny, in Tunbridge Wells, and there are some concerns. I’m not sure where to turn or what to do. She passed away over 2 years ago and I just found out about the inheritance 7 weeks ago, or so. I’m being backed into a corner and being pressured to just sell without…

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What is an end of life plan?

How is your end of life planning? What we offer here is part of the process of developing an end of life plan. And much of it can be just as relevant to a healthy 18 year old as to parents whose neglect of planning can mean disaster for their children and partners. Anyway, I thought this might help people who realise they are not going to be about for ever, and want to make their (perhaps)…

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#end of life plan

PREPAID FUNERAL REVIEW MOURNS THE LOSS OF INDEPENDENT ADVICE AND

PRESENTS A DYNAMIC NEW SOLUTION PRESS RELEASE – FOR IMMEDIATE RELEASE – 09-02-21 Service offers risk-free guidance for smarter funeral planning Independent prepaid funeral experts Prepaid Funeral Review have outlined the possible cost to clients, families and mourners of losing out on independent funeral plan advice. Too many elderly people are so plans and part with money over the phone with…

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Funeral Planning Authority on FCA Overkill

Making of Legislation to Move Regulation of Funeral Plans under the Remit of the FCA The FPA Board notes that Parliament has now signed into law the necessary legislation to begin the process of moving funeral plan regulation under the remit of the Financial Conduct Authority (FCA). The legislation sets a defined 18-month time period for this transition process to take effect. During this period…

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FCA Regulation of Funeral Plans – a discussion paper.

One has to accept that regulation of funeral plans COULD be of benefit to consumers. My comments concern retail financial services – advice given to individuals. Regulation of Funeral Plans is needed. Selling practices are not what they should be, especially as many customers are potentially vulnerable. Funding of plans via trusts and insurance policies are opaque and it is not currently…

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#FCA #regulation of funeral plans

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