Today Boris Johnson announced that from October 2023, no-one will have to pay more than £86,000 for care over their lifetime as part of the government’s social care plan. Under the plan, anyone who has assets of less than £20,000 will have their care costs fully covered by the state. Those with assets between £20,000 and £100,000 will receive some means-tested state support. To fund the plans, National Insurance contributions will rise by 1.25% and tax on share dividends will …
Read MoreDo you still need a Trust Will with Johnson’s Social Care changes?
I explain Mirror Wills & whether they should be avoided. I also look at a safer Will structure, and the concept of Mutual Wills.
Many people ask whether it is possible to shelter their assets from care home fees, perhaps by putting them into trust or gifting them away. I look at what really is possible, within the law.
I look at what a Bloodline Will is, who it is suitable for and the advantages and disadvantages of this type of Will.
Alongside your Will, having a Lasting Power of Attorney (LPA) in place is an essential step for future planning and peace of mind.
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