SWANSEA & GOWER LEGAL - SERVICES
WILLS
We deal with a wide range of wills to suit each client’s unique circumstances. An appropriately drafted will secures that your wishes are fully executed after your death. We also make sure to review your will whenever there is a change of circumstances to ensure it is up to date. We are always discreet and understanding when drafting your will to ensure your particular needs are met to the fullest.
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LASTING POWERS OF ATTORNEY
With people living longer, it is becoming increasingly important that all of us, when we reach the later years, grant a power of attorney to someone we can rely on. This would mean that should you lose the mental capacity to make decisions about your financial affairs, there is someone trustworthy to act on your behalf.
We can draft both types of lasting powers of attorney; property and financial affairs and health and personal welfare for you and your loved ones. We can also be appointed to act together with you or someone close to you. The rules have been tightened up to protect the vulnerable, so speak to us to see how we can assist you or a parent take this essential step.
GENERAL POWERS OF ATTORNEY
We also offer GPA services which are ideally suited for cases where you are need to appoint another person[s] for a specific, or general reason, for a limited amount of time. E.g. to sign papers for you to sell your house while you are away on holiday.
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FUNERAL PLANS
We provide support and advice to discuss your funeral arrangements with you in a sensitive and discreet manner. Our legal consultants are able to explain funeral matters in detail and provide legal advice on how to utilise your will to attain your requirements.
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PROBATE SERVICES
We provide transparent probate services that meet your particular situation. Any reserved activities will be passed to a Barrister.
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CARE FEES PLANNING
We can discuss the different options available to you, provide financial and legal advice to you and your family and help you find the best possible solution for your circumstances.
Protect the family home from care fees -
The loss of the family home is of growing concern to millions, as people live longer and care fees increase. Unless an individual qualifies for ‘continuing care’ – an unpredictable process at best – the NHS will not pay for care home fees, the average of which is £28,600 every year. If you have more than £24,000, you have to pay those fees yourself. Giving away money or property can be treated as the ‘deliberate deprivation of assets’, so you would still be regarded as owning those assets. The council would then refuse to pay.
What then can you do?
• Money or property given away years in advance, at a time when care is not on the horizon, should present no problem. Trusts are a long-established and effective way of placing assets outside your estate, and also reducing tax.
• If the property is in just your name, and not your spouse’s as well, get it transferred into joint names.
• If you have lost your spouse, and you want your children to inherit, transfer the property into the name of your children and yourself. Providing this is done in the right way, your son or daughter will automatically inherit the whole of the property on your death.
• Investment bonds can be a vital part of avoiding the problem. They are technically life assurance contracts – though in practice a good way of investing – the value of the investment is disregarded.
At Swansea & Gower Legal Ltd, we can discuss your particular circumstances and provide cost-effective solutions tailored to your situation.
CONTACT
ELDERLY CLIENT MATTERS
Our legal consultants have a wealth of experience dealing with a variety of elderly client issues and offer advice for a wide range of matters including wills, trusts, probate, estate administration, care fees, planning and lasting powers of attorney.
TRUSTS ADVICE
Creating a trust can be very beneficial financially. We offer advice with regards to all the complicated legal and tax issues and help you prepare the ideal plan for you.
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Any trusts that are required to be drafted (for example to protect the family home from care fees and or cash) will be passed/referred to a Barrister who is regulated for the reserved activity which includes the land register work that might be needed alongside.
