Author Archives: Asset Protection

Care Bill 2013 Charging

Care Bill – It’s a Rip Off. The Care Bill is designed as a cynical PR smoke and mirrors exercise to make more people lose pretty much everything to pay care fees.   But they promise not to sell your … Continue reading

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The Care Bill 2013

The Care Bill 2013 Government’s Care Bill to give people peace of mind in hospital, care homes and their own homes Swift action following Francis report and epic changes to care laws. People will be treated more compassionately in hospital, … Continue reading

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Care Bill

The government has today published the long awaited Care Bill aimed at bringing together more than a dozen separate pieces of legislation into one single law and addressing the issues of those having to sell their homes to pay for … Continue reading

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Care Costs Advice

Care Costs Advice – where to go? Financial advisers and the Internet are the fastest growing avenues for those seeking advice about the costs of elderly care says a recent report. Stephen Pett, of Legacy Trusts says “It is frightening … Continue reading

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UK children below the poverty line

Most UK children below the poverty line by 2015 Grandparents can take steps now to protect their grandchildren and great grandchildren from joining the majority of UK children below the poverty line.  Not a quick fix, but reviewing the information … Continue reading

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Extra Retirement Income for 200,000

Extra Retirement Income 200,000 each year miss out on extra retirement income worth £237m. We think that’s a crime, and we urge everyone who is retiring to consult a financial adviser to see if extra retirement income can be extracted from … Continue reading

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Attitudes to saving

Attitudes to saving creating national financial precipice. (Which is precisely why parents need to create Trusts to benefit future generations – not just their children.) A quarter of people have loaned ‘a substantial amount’ to their children 30% have been … Continue reading

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Interest-Only Mortgage of Over-65s “Average £43,000″

Our comment: “Thoughtful parents can avoid their children staying in this position by taking out a Home Protection Plan which can lend cash to pay off the mortgage without increasing Inheritance Tax Bills.”  But on with the More 2 Life … Continue reading

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AVERAGE HOMEBUYING DEPOSIT

AVERAGE HOMEBUYING DEPOSIT IS NEARLY £26,500 •      But the biggest deposit is five times the lowest in England and Wales •          Castle Trust urges buyers to look at all saving options  (Grandparents, uncles, aunts  god parents and others can help with average homebuying … Continue reading

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Bank of Mum and Dad

 ‘Bank of Mum and Dad’ subsidised 100,000 FTBs since financial crisis (Bank of Mum and Dad – there is an alternative for the next generation - create your own Family Bank - but on with HSBCs Press Release….) Bank of Mum and Dad’ has added … Continue reading

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Lower income families hit by rising insolvencies

Rising Insolvencies in some areas. (“Don’t leave it until you are in trouble to take precautions against insolvencies, entrepreneurs and older folk warned by Legacy Protection Trusts.”) Putney, Chiswick and Richmond also buck UK wide insolvencies decline New analysis from Experian®, the global information … Continue reading

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NUMBER OF BANKRUPTCIES FALLS

Bankruptcies Fall We mention this as unexpected bankruptcies can be protected against to an extent with Trusts, though it is no good leaving it until you are already in trouble.  Contact us for more information on precautions which may save assets in … Continue reading

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Private Education for Grandchildren

The cost of Private education for grandchildren (To discuss trusts for private education for grandchildren, contact us.) On with Duncan Lawries PR: It now costs in excess of £500,000 to send three children to private school, according to latest figures from Duncan … Continue reading

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Right To Buy Problems

Right To Buy moved 2,000,000 homes into private ownership. Many of those homes are now at risk in two ways, and their owners and those who subsidised the purchase need to contact us urgently to prevent total loss of their … Continue reading

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The Government refuses to commit to capping the cost of care

The Government refuses to commit to capping the cost of care for the elderly, saying it has to wait until the spending review. Anyone who though the Government were finally going to resolve the issue of long term care fees is in … Continue reading

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Overhaul of social care is long overdue, says Law Society

Overhaul of social care is long overdue, says Law Society A long-awaited white paper on the future of social care, published today along with a draft social care Bill, is a rare opportunity to unify and modernise existing legislation and … Continue reading

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Reaction to Government’s White Paper on social care

Equity Release Council’s initial reaction to Government’s White Paper on social care Andrea Rozario, Director General of The Equity Release Council, comments: “While we are obviously delighted that the Government has recognised the important role that housing equity can play … Continue reading

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Older women feel let down by the coalition on care reform

Older women feel let down by the coalition on care reform. 78% say delays to social care reform are unfair 68% of older women say recent Government policies have been unfair Increase in state pension age, tax increases and lower … Continue reading

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Care White Paper is meaningless with no additional funding

Care White Paper is meaningless with no additional funding Government has merely stuck a plaster on a wound that gets worse underneath Dr Ros Altmann, Director-General of Saga, comments:  “Finally the Government has admitted that a radical reform of the … Continue reading

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LV= comments on the Social Care White Paper on long term care

LV= comments on the Social Care White Paper on long term care Commenting on the Social Care White Paper on long term care, Vanessa Owen, LV= Head of Equity Release said: “The fact the Government pledges support to the principle … Continue reading

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Labour calls for emergency support to ease social care crisis

Labour calls for emergency support to ease social care crisis Labour’s Shadow Health Secretary Andy Burnham and Shadow Chancellor Ed Balls are today (Wednesday) issuing a joint call on the Government, in advance of today’s statement on social care, to … Continue reading

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Social Care White Paper

White Paper on Social Care. Delay on care funding proposals will hold back new solutions, says Just Retirement Responding to publication of the White Paper “Caring for our future: reforming care and support”, Sue Elliott, head of care solutions at … Continue reading

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Social Care Whitepaper

JRF response to the publication of the Social Care White Paper. Julia Unwin, Chief Executive of the Joseph Rowntree Foundation said today: While we welcome the publication of the long-awaited Social Care White Paper, we are deeply frustrated that more … Continue reading

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