After You Have Moved

Once you have moved into your new home, or even if you have sold your own home to downsize or to raise capital, you should now look to protect your investment both from the ravages of the tax regime in the near future and from the impact of care fees later on in life.

Protecting your home is vital to the security of your own future  and that of your family.

If you have young children and have not already done so, you should give serious thought as to who will care for them if you should meet with tragedy.  You will want to know that in the event your children are cared for in a caring environment and that their inheritance is secure until they reach maturity.

If you have wills prepared now you will be safeguarding that future by appointing trusted individuals to act as guardians and as trustees of your children’s inheritances.

Trust provisions can be added to wills to permit your children to be raised in their own home or, where that is not feasible, to be maintained financially through the period of their education and perhaps even until they complete their term at university.

For parents with adult children careful consideration needs to be given to ensuring that your loved ones inherit from you safely and without leaving you vulnerable either to excessive care fees or to being evicted from your home should they find themselves in financial or matrimonial difficulties.

Elliot Mather’s Probate & Elder Law department provides customers with accessible, cost effective advice on planning for the future and offers specialist advice on wills, trusts and the administration of estates to ensure that your loved ones are the primary beneficiaries of all your hard work and sacrifice in building a home in these uncertain times.

Contact

Fred Parkinson in Chesterfield on 01246 231 288