Bringing The Latest From Our World To Yours.

The bi-monthly newsletter has arrived for January/February!

 

In this issue we talk about Probate fees and the changes the Government are making, we take a look into simplifying Inheritance Tax, transparent pricing in the legal sector and yes, we do mention the ‘B’ word…Brexit and what it means for our sector.

Click here to download the Newsletter.

 

Like and follow us on Facebook to keep up to date with Will Trust and Protect Ltd. 

 

The latest from the World of Estate Planning.

Our Bi-Monthly Newsletter has arrived.

 

Welcome to our bi-monthly newsletter – This issue looks at the recently revealed changes in probate fees, an Inheritance Tax review, civil partnerships being made available to mixed-sex couples and lastly, the importance of keeping your Will safe.

To download the November/December 2018 Newsletter, click HERE

 

Like and follow us on Facebook to keep up to date with Will Trust and Protect Ltd. 

The National Bereavement Service

We are proud to be working in association with The National Bereavement Service. 

 

“We  understand that when you lose someone who  is close to you that  it can be both traumatic and  upsetting. Few of us realise how much practical  work has to  take place and at an already difficult time.”

 

We are working along side The National Bereavement Service to provide practical guidance to families going through a bereavement. They are a ‘not for profit’ organisation working with corporate organisations, charities, financial institutions and other companies who deal with bereaved families on a regular basis. We have chosen to start our relationship with the service, to provide better care for our clients at difficult times in their lives. 

If you would like to know more about The National Bereavement Service, click here. 

You can also call them on 0800 0246 121.

CALLS ARE FREE FROM LANDLINES AND MOBILE PHONES

Financial Education For Your Children

Financial Education For Your Children

Thanks to very generous support from Martin Lewis OBE, the very first financial education textbook has been developed;  “Your Money Matters” for secondary schools.

The textbooks are being sent to state secondary schools for free across the nation from October 2018, which is fantastic news for our future generations. Here at Will Trust and Protect, we know that an understanding of finances is an absolute necessity so why not guide your children from a young age? 

“Despite being on the secondary national curriculum, financial education is only taken up by 40% of secondary schools with many teachers just not confident in teaching financial education as well as the challenges of embedding a consistent provision within school. The development and distribution of this Textbook is a major step forward in achieving a degree of consistency to the financial education young people receive within secondary schools by providing teachers with access to a high quality free standardised teaching resource to support and enhance financial education delivery.” (youngmoney.com)

 

Why is this topic important for young people?

  • 55% Of young people aged 20-29 worry about being able to save.
  • Almost 10 Million people in the UK have no savings whatsoever.
  • 81% of 18-24 year olds do not understand the term ‘interest rate’.

 

We have up loaded the student’s guide and the teacher’s guide for you right here! 

You can also find out more about the pledge to get more kids in the financial know how here!

 

Let’s join Martin Lewis in his bid to get the next generation fluent in finance!

 

Vitality – A Protection Policy for Your Family

Vitality Family ProtectionA protection policy you can benefit from even if you don’t make a claim

Will Trust and Protect, in association with PruProtect, offer a Protection Policy for Your Family to give you more options to choose from, so you can protect the things that mean most to you – from children’s serious illness cover to income protection, ensuring your family are cared for in time of need. It means you can tailor your plan to suit you. As part of PruProtect’s plans, you can get access to Vitality, their unique healthy living programme which gives you more than just cover and is designed to help you to live life well and could save you money at the same time.

It gives you discounts on things that are good for you
There are discounts on things like health screenings, stop smoking sessions and fitness equipment such as heart rate monitors and sports shoes.

It covers you for up to 166 serious illnesses
…rather than the industry standard of just 40.

You could even reduce your premiums
If you take out a PruProtect plan, which is a protection policy for your family, you get something you can’t get from other insurance providers – discounts on your protection premiums over the course of your plan by engaging with Vitality2.

Extra discounts and rewards with Vitality Plus
You could enjoy a free cinema ticket every week to use at Cineworld and Vue cinemas across the country, up to 50% off a bike at Evans Cycles, up to £15 cash back every month on mobile phone contracts, a third off theatre tickets and days out, discounts on holidays and up to 50% off flexible monthly gym membership at Virgin Active or LA fitness and more.

VitalityLink

For further information about Vitality and the great offers you can get, please click here.

Logos

Call us today for more information on  0845 257 9827

Vitality is not available with the Relevant Life Policy.   Premium discounts are not available with the Essentials Plan or Business Protection Plan. Premiums are not reduced for Health Cover, Vitality Plus or the Essentials Plan.   If your premiums are £25 a month or more, you can add Vitality Plus to your plan for £6.80 a month.  A one off activation fee of £80 per person is payable to PruProtect to unlock the gym benefit. Plus any additional joining fee charged by the individual gym, usually up to £55 per person, but could be as much as £150 for some Virgin Active Classic Clubs. We are unable to offer discounts on Virgin Active memberships at Clements Hall, Rayleigh and Chiswick Riverside clubs.

Monthly Newsletter

Check out our latest Newsletter!

It’s a great read, here are some of the things we cover in this issue…

 

-Aretha Franklin – The Queen of Soul leaves her estate to the rules of intestacy.

-What does being named as an Executor mean?

-What happens to property when someone dies?

-The risks that come from DIY Wills.

 

Latest Newsletter – Click Here to Read Full Article!

The Chancellors Budget Proposals for Social Care

Does the Chancellors £2 billion to social care over three years really help those needing long-term care?

Although £2 billion sounds like a lot of money, in reality, with under £2/3 rds. of a billion to be spent annually it will do very little towards solving the problems of long-term care and, government is only addressing one side of a huge issue, not both. Their proposals do not address the fact that thousands of patients annually are discharged from hospitals to care at home, or care homes, before they are clinically ready for discharge, have been properly assessed to ascertain what their needs actually are and, in many instances are unsafely discharged. That premature and often incorrect discharge then places huge burdens on local authorities, who provide social care to bring them under the umbrella of social care, rather than NHS funded continuing care.

The budget addresses the consequences created by NHS failures in the discharge system, passing the buck to local authorities but not the cause of those failures, which failures help exacerbate the problems in social care.

In 2015 the then government back-tracked on implementing the second phase of the Care Act, because local authorities advised government it was totally un-affordable. One of the main parts they back-tracked on was the implementation of the care cost cap of £72,000 per person, meant to ensure family homes would no longer need to be sold for care costs. Instead a debt would be registered against the property, to be paid from the proceeds of sale after the person in care dies, with interest, through Deferred Payment Agreements.

Taken literally £2/3rds of a billion would only fund approximately 9,260 Deferred Payment Agreements at £72,000, assuming local authorities used every penny to fund social care. Many have already implied much of the new funding will be swallowed up in other areas and not used directly for social care.

Government is missing a vital point, [or have choosen to ignore it] which they have had full details of from a Healthwatch report [2015] and a Parliamentary and Health Services Ombudsman’s report [2016]. Those major reports stated thousands of NHS patients are being discharged from hospital to the care of local authorities, when clinically and legally they should not be discharged, and often those discharges are unsafe. The cost oddly enough was put at £2 billion.

All the budget appears to do is give local authorities a little more money to be able to take even more patients who are unsafely or prematurely discharged into social care, who should clinically and legally qualify for a far higher level of nursing care funded by the NHS. The proposals will do nothing at all to prevent families wrongly paying care fees, in fact it may ensure more actually do so.

 

Rip Off Britain

BBC PROGRAMME SUGGESTS POWER OF ATTORNEY

News date:
Thursday, 20 September, 2012

RIP-OFF BRITAIN, the BBC consumer protection programme, suggested a Power of Attorney as a solution to one viewer’s problems this week.
The viewer’s elderly father seemed to be overcharged by his bank, possibly for an unsuitable account product. The viewer wanted to help her father sort this out, but had no right to discuss her father’s affairs with the bank. The advisor recommended asking her father to give her a Power of Attorney.
A Lasting Power of Attorney (LPA) is a legal document that enables someone with the requisite level of understanding (the Donor) to choose another person, or several, (the Attorney or Attorneys) to make decisions, or sign paperwork, on their behalf. It does not take away the rights of the Donor to continue dealing with their own affairs, but simply enables the Attorney to help the Donor when requested. The Attorney can only act without the Donor’s request if the Donor has subsequently lost their mental capacity and the LPA has been registered with the Office of Public Guardian.