I know of a
lady in her late 50s who was going into LONG TERM CARE. Her estate was worth
£500,000 and house was about to be put up for sale to help pay for this as her
husband had died 18 months previously and her children, were all grown up. She
could have been left with just £12,500 to pass on to her son and daughter, and the grandchildren
she adored.
When I met
with her family and was told this, I immediately mentioned a DEED OF VARIATION
which enables experts to re-write a WILL & TESTAMENT within 2 years of
death.
What I, Pamela
Howe, from Wills in Warwickshire did for that family was save them £80,000 in INHERITANCE TAX, as well as up to £487,500 for the Social
Services bill to pay for Mum’s Long Term Care.
What I also
did was protect Mum & Dad’s assets for the educational and medical benefit
of their children and their grandchildren. This means no University fees or
re-training worries, no fears that a divorce will take that money away from
them, means the grandchildren too will get their grandparents’ assets, not some
second spouse etc.
Obviously this
cost a fair bit more than your average WILL & TESTAMENT, but the relief
that it is done, the years of benefit that will accrue, make it so worthwhile. For
the price of a family holiday, that family can now rest assured that their
ESTATE PLANNING and ESTATE PROTECTION is complete.
Talking Points 
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