Family Protection

The old adage says that you can’t take it with you, so the next best thing is to leave it to your loved ones. Unfortunately, this isn't always the case. The bequests you leave your loved ones can end up in the hands of strangers if they divorce, remarry or find themselves in financial difficulties.

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Online Wills

When it comes to making a will face to face communication is always better. You can discuss important issues that may be missed by a simple written questionnaire. It’s primarily for this reason that we do not offer an Online Will service - we offer a professional, face-to-face, bespoke service tailored to you.

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Home Protection

Statistics show that 1in 3 women and 1 in 4 men over the age of 65 will eventually have to live in a Care Home. Current legislation states that if your savings and the value of your home are over £23,250 then you could be expected to pay for your own Care Home costs, even if it means selling your home to do it.

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Funeral Plans

I am totally independent, which means that as there are numerous funeral plan companies on the market, I can recommend the best plan for you, rather than being tied to offer you just one company. I can do the research and from the details you give me, I can inform you of which company can offer you the best price.

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Power of Attorney

Unfortunately there are instances where someone cannot make decisions due to mental incapacity. The NHS estimate that over 2,000,000 people lack the mental capacity to make decisions for themselves due to dementia, mental health difficulties, brain injuries or other illnesses that may occur even in the prime of life.

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Probate

When somebody dies, there are a number of legal and financial duties to complete. Administering the estate can be expensive and take up time. A Solicitor can be employed to deal with Probate for you if you are named as an Executor in a Will or if there is no Will and you are the next of kin.

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For reliable and independent will writing services

contact Karen now on 0151 305 2305

Latest News…

Pension By-Pass Trusts

The flexibility of the existing death benefit rules for pension schemes has cast doubt over the use of bypass trusts.

However, they can have their place with regard to the element of control that they can provide.

Whilst pensions allow for tax-free investments, bypass trusts offer the testator a much greater say in the way in which funds are distributed following their death.

An example of this is where someone wishes to place restrictions on how the pension death benefits are taken by beneficiaries. Rather than giving them access to the whole pot at one time, they often want to distribute it over their lifetime, so they can benefit at regular intervals. However, pensions do not offer this function, simply awarding all access once the beneficiary is 18.

Another restriction with pensions is the control over the funds where multiple marriages are concerned. Whilst someone may wish for their children from a previous marriage to benefit, the administrator of the scheme would not necessarily need to seek out their wishes, should their current spouse pass away.

In light of these factors, bypass trusts are seen as offering greater freedom as to how their funds are distributed post death, given the ability it provides for members to appoint trustees and provide clear instructions.

Whilst control could certainly be considered a benefit of bypass trusts, they do come with their own financial restrictions if death occurs after the individual turns 75.  Therefore talk to your Independent Financial Adviser, who will let you know if it is right for you to set up a By-Pass Trust attached to your Pension.