ADWERTORIALSimple steps homeownerscan take now to protecttheir assets.Head of April King Legal Paul King explains why somehomeowners are doing too little, too late to protect theirhard-earnedassetsCare Cost Feesf my grandfather had left his"It allows the attomays, perhapsA lot of people are still unawarehalf of the house in trust to thethe children, to deal with thethat if they need care in latcr lifochildren then when mybanks and pension companies etctheir assets wibe means tested by grandmother subsequentshould their parent becomethe Local Authority to help pay forreceived care in her later life shencapacitated,but also to dealwould only have been meanswith matters such as where theing LegalPaul King. Ilead of Apritested on her own halfoftheparent should be living and how"The Local Authority will look tohouse, but my grandfather's half they should receive care.use the assets of a person until they"The Lasting Power ofAttomey"This often comes as a big shockwould have beenget down to a lower limit of"Your attomeys, again perhapsremains in place until you dieto my clients who had perhapsE14.250. when the Local Authority "Why should he have to children, mustwill take over the fees.contribute his half whenyour interests at alllegally act inunless you want to cancel it.thought that all was inthat the family bloodline would"Once it's registered, you don'tday inherit."You can choose a number ofhave to worry if you thenor instance, my ownhe didn't receive anygrandmother sadly passed awayto act, either jointly ordevelop some debilitating"The same is true for thinking thatrecently at the age of 92.Myllness, Aburden has beentheir children and or grandchildrenndependently, and April Kingremoved from the family at anone day benefit under agrandfather had died many years"The important factor is thatadvises on the various optionsearlier and left everything to her.couples need to act in advance.already dificult timeMirror WillOnce one party dies or losesWhen she needed care in the lastBloodline Trust Willsf any of your children should die"Couples are oftenmental capacity, through a strokesix years of her life, because myleaving everything to theirsurprised to discover that The majority of April King'sfor example, then theygrandfather had left everything tohusband or wife and thatclients have already madeion to do thiseven joint bank accountsher, the house and all the estateson-in-law or daughter-in-lawstandard "Mirror Willsmate and straightforwardan be frozen until theshould then remarry, then yourwas countedn the Localother firms before approachingtype of planning.Authority's means test.grandchildren would be the oncs tobank sees sight of athe Firm A Mimor Will is whenis therefore important forlose out under the line ofLasting Power of"Our clients tell us,a couple leave everythingcouples to act now even if thayeach other on the first death."We've worked hard allng an Attorney document.may not foresee care foes then to the children when the"Worse still, someoneour lives, why should the"Having a Lasting Power ofsecond partner dies. But modemelse's grandchildrenLocal Authority get itPaul goes on to explain that most Attomcy removes the burden onfamily life means these type ofwould be in line to receivechildren shouldhealth happensclients he sees are surprised toWills leave a lot to chance.allfurther down the line.the benefit of all yourleam remarriage usually cancels aExplains PaulI have aJust as she died, she had goneand makes the spouse next inyears of hard work.""It helps a family dealh bankMirror Will leaving everythingdown to that lower limit ofline to inherit, ahead of their ownaccounts and so on during ato my wife and she remarries orf14.250 and that's all her children've experiencedthis in my ownchildren! Protecting your half ofparent's lifetime and ceases onthe house in this way, he suggests, goes into care after my deathfamily and I'm sure most peoplethen either the new husband orhave had similar experiences orensures that your children"There are many myths about thehe Local Authority are likely to"Crucially, you have to comheard ofsomeone who has.ultimately inherit when thesteps peoplecan take to protectnherit most, if not all, of myLasting Power of Attomeysurvivor diestheir assets frombeing used likeBloodline Tnust Wills give greaterestate ahead of my children.while you are still in good mentalthis,'protection to your children.lad my grandmother remarriedhealthEven if my children are"These types of Wills not only giveafter the death of my grandfather"The main one is that a paren"If someone becomes ili throughnamed in my Mirrorthe whole estate could haveyour children complete control andshould simply sign their housesay, a stroke or dementia, thispassed sideways out of theWill, itis by no meansover to the children now, soaccess to the inheritance theyion is lost and the familyfamily," says Paul.won't be taken into considerationreceive from you, they also grantcertain that they willwould have to apply for aLasting Power of Attorney fromfor means testing. That's just notadded protection from the twiststhe Court inherit anything."and turns of modem family life.of Protectiona drawn out andPaul explains how people often"Once again, this isLocal Authorities will actually"The wording in these Wills statesexpensive process.get confused thinking that.remarriage would cancel thelook to see if you've deliberatelythat any money left over on theirbecause they have made a Will"It is therefore a good idea forWill my wife had previouslydeprived yourself ofan asset bydemise must pass to any childrentheir executors can also deal with clients to plan ahead and removemade with me and make the newgiving property away, going backbom of them yourassets isness, stroke any future burden from thehusband ncwt-of-kinover any period in timesome other form of incapacityfamily.April Kingwhile they are still alive."Sometimes people think that if"Once again, all adults should bethe gift is made seven years priorApril King has prepared a free information packEveryone should actually havethinking of this, particularly whena Will that deals are children abusinessthen the house is safe This is notfor readers of the York Presstwo documentsrule onlywith their estate on death, and awhich is available by cangpplics to Inheritance Tax and notLasting Power of Attomey thatLocal Authority"It's not just something to think01904 236102deals with their estate during theirabout when you get older, that'slifetime," he says,"The solutiion is for couples toLines open Mon-Fri Ram-7pm,the challenge for us.simply not leave everything to"There are two types of LastingSat 10am-4pm, Sun 10am-2pmeach other in the firs place.People think, 'I'm notPower of Attorney one dealsYou can also emanfo aprilking-co.ukor visiWhat my grandfather could havewith finance, the other deals withill, why do I need towww.aprilking.co.uk/infopackhealth and welfare.done is leave his half of the housemake a Power ofApril Kingin trust to his children, stating thatIn many ways it's similar to attorney? 'But they'rethey couldn't have it while hispassport: a document that'smissing the point. This iswife, my grandmother, was stiregistered now and one which canApril King has 24 offices across the Midlands.a document that has toalive. We call these Property Trustbe physically handed to theDak dale Road,Wills,be done in advance.Clifton Manor, York YOto 4NLtomeys should the need arise.

Date: 06 June 2017

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ADWERTORIAL 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 Care Cost Fees f my grandfather had left his "It allows the attomays, perhaps A lot of people are still unaware half of the house in trust to the the children, to deal with the that if they need care in latcr lifo children then when my banks and pension companies etc their assets wi be means tested by grandmother subsequent should their parent become the Local Authority to help pay for received care in her later life she ncapacitated,but also to deal would only have been means with matters such as where the ing Legal Paul King. Ilead of Apri tested on her own halfofthe parent should be living and how "The Local Authority will look to house, but my grandfather's half they should receive care. use the assets of a person until they "The Lasting Power ofAttomey "This often comes as a big shock would have been get down to a lower limit of "Your attomeys, again perhaps remains in place until you die to my clients who had perhaps E14.250. when the Local Authority "Why should he have to children, must will take over the fees. contribute his half when your interests at all legally act in unless you want to cancel it. thought that all was in that the family bloodline would "Once it's registered, you don't day inherit. "You can choose a number of have to worry if you then or instance, my own he didn't receive any grandmother sadly passed away to act, either jointly or develop some debilitating "The same is true for thinking that recently at the age of 92.My llness, Aburden has been their children and or grandchildren ndependently, and April King removed from the family at an one day benefit under a grandfather had died many years "The important factor is that advises on the various options earlier and left everything to her. couples need to act in advance. already dificult time Mirror Will Once one party dies or loses When she needed care in the last Bloodline Trust Wills f any of your children should die "Couples are often mental capacity, through a stroke six years of her life, because my leaving everything to their surprised to discover that The ma jority of April King's for exam ple, then they grandfather had left everything to husband or wife and that clients have already made ion to do this even joint bank accounts her, the house and all the estate son-in-law or daughter-in-law standard "Mirror Wills mate and straightforward an be frozen until the should then remarry, then your was counted n the Local other firms before approaching type of planning. Authority's means test. grandchildren would be the oncs to bank sees sight of a the Firm A Mimor Will is when is therefore important for lose out under the line of Lasting Power of "Our clients tell us, a couple leave everything couples to act now even if thay each other on the first death. "We've worked hard all ng an Attorney document. may not foresee care foes then to the children when the "Worse still, someone our lives, why should the "Having a Lasting Power of second partner dies. But modem else's grandchildren Local Authority get it Paul goes on to explain that most Attomcy removes the burden on family life means these type of would be in line to receive children should health happens clients he sees are surprised to Wills leave a lot to chance. all further down the line. the benefit of all your leam remarriage usually cancels a Explains Paul I have a Just as she died, she had gone and makes the spouse next in years of hard work." "It helps a family deal h bank Mirror Will leaving everything down to that lower limit of line to inherit, ahead of their own accounts and so on during a to my wife and she remarries or f14.250 and that's all her children 've experienced this in my own children! Protecting your half of parent's lifetime and ceases on the house in this way, he suggests, goes into care after my death family and I'm sure most people then either the new husband or have had similar experiences or ensures that your children "There are many myths about the he Local Authority are likely to "Crucially, you have to com heard of someone who has. ultimately inherit when the steps people can take to protect nherit most, if not all, of my Lasting Power of Attomey survivor dies their assets from being used like Bloodline Tnust Wills give greater estate ahead of my children. while you are still in good mental this,' protection to your children. lad my grandmother remarried health Even if my children are "These types of Wills not only give after the death of my grandfather "The main one is that a paren "If someone becomes ili through named in my Mirror the whole estate could have your children complete control and should simply sign their house say, a stroke or dementia, this passed sideways out of the Will, itis by no means over to the children now, so access to the inheritance they ion is lost and the family family," says Paul. won't be taken into consideration receive from you, they also grant certain that they will would have to apply for a Lasting Power of Attorney from for means testing. That's just not added protect ion from the twists the Court inherit anything." and turns of modem family life. of Protection a drawn out and Paul explains how people often "Once again, this is Local Authorities will actually "The wording in these Wills states expensive process. get confused thinking that. remarriage would cancel the look to see if you've deliberately that any money left over on their because they have made a Will "It is therefore a good idea for Will my wife had previously deprived yourself ofan asset by demise must pass to any children their executors can also deal with clients to plan ahead and remove made with me and make the new giving property away, going back bom of them your assets is ness, stroke any future burden from the husband ncwt-of-kin over any period in time some other form of incapacity family. April King while they are still alive. "Sometimes people think that if "Once again, all adults should be the gift is made seven years prior April King has prepared a free information pack Everyone should actually have thinking of this, particularly when a Will that deals are children abusiness then the house is safe This is not for readers of the York Press two documents rule only with their estate on death, and a which is available by ca ng pplics to Inheritance Tax and not Lasting Power of Attomey that Local Authority "It's not just something to think 01904 236102 deals with their estate during their about when you get older, that's lifetime," he says, "The soluti ion is for couples to Lines open Mon-Fri Ram-7pm, the challenge for us. simply not leave everything to "There are two types of Lasting Sat 10am-4pm, Sun 10am-2pm each other in the firs place. People think, 'I'm not Power of Attorney one deals You can also ema nfo aprilking-co.uk or visi What my grandfather could have with finance, the other deals with ill, why do I need to www.aprilking.co.uk/infopack health and welfare. done is leave his half of the house make a Power of April King in trust to his children, stating that In many ways it's similar to a ttorney? 'But they're they couldn't have it while his passport: a document that's missing the point. This is wife, my grandmother, was sti registered now and one which can April King has 24 offices across the Midlands. a document that has to alive. We call these Property Trust be physically handed to the Dak dale Road, Wills, be done in advance. Clifton Manor, York YOto 4NL tomeys should the need arise.