Why a Will Trust and a Lifetime Trust are completely different when it comes to protecting your assets from care fees.
Protect are the estate planners who’ll make sure your money, property and other assets are protected from potential risks.
Many people assume if they don’t have a Will, things will just be shared out between their loved ones but there are some instances when this might not be the case. It’s also possible disinherit them without realising it, which makes setting your wishes out in a Will an important decision.
Second spouse syndrome is a relatively modern issue. This is largely due to changes in society and a greater prevalence of wealth among the masses.
Care fees can be expensive, particularly if you’re not prepared for how much they’ll be and what assets they’ll take into account.
Factors such as longer life expectancy, higher house prices and increased levels of home ownership mean that more people fall into the category of not only needing care in later life but having the assets to fund it.
As part of this week-long programme focusing on protecting your assets, we’re bringing you a host of articles, myth busters and did-you-knows to make sure you’ve all the information you need.
As part of this week-long programme focusing on protecting your assets, we’re bringing you a host of articles, myth busters and did-you-knows to make sure you’ve all the information you need.
Joslin Rhodes,
The Planning Rooms,
Wellington Court,
Preston Farm,
Stockton on Tees,
TS18 3TA
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PlanHappy Pension Specialists is a trading name of Joslin Rhodes Lifestyle Financial Planning Limited (company number 484324) which authorised and regulated by the Financial Conduct Authority, firm reference number 06446109. Some of our services are not regulated by the Financial Conduct Authority. Before you engage us in any work, we will outline which of those services are and are not regulated by the Financial Conduct Authority to enable you to make a fully informed decision.
