X

Cookies

Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Friday, 25 April 2014

Subscriptions  |  evouchers  |  Jobs  |  Property  |  Motors  |  Travel  |  Dating  |  Family Notices

Making it easier for the family

Q My dad has recently gone into care. Is there anything that my mum needs to do about her own Will?

EM Poole Townsend head shot - Martin Oates

A Yes. It is very important that your mum has a look at her own financial arrangements.

It may well be that she and your dad made Wills years ago, leaving everything to each other and then to their children after they have both died.

If she has done this, and then she dies first, all of your mum’s assets will go to your dad and may be swallowed up in his care fees.

If she and your dad have not made Wills and your mum dies first, the chances are that her assets will pass straight to your dad, and the same could happen.

All of the children's inheritance could go on payment of care fees.

Although it is too late for your dad to do anything to protect his assets, there is a lot that your mum could do to safeguard at least some of the family assets.

She should do this as soon as possible, and make an appointment to see a solicitor.

Q Is there anything else that she could do to make things easier for the family?

A If your mum has not already set up a Power of Attorney, this would be a sensible thing to do.

Even if it is too late for your dad to appoint an attorney, your mum would probably feel happier knowing that the she has set something up so that someone she trusts can look after her own financial affairs if she becomes less able to do so herself in the future.

If she does nothing and then loses capacity herself, there would be no one with authority to look after either of your parent's finances and you would need to make an application to the Court of Protection, which can take a long time and be very expensive.

At Poole Townsend we have a team of experts who can help your mother with practical advice and support.

The first interview is free and we would give her a fixed price for sorting things out before we start work.

For a free appointment without obligation telephone Michelle on (01229) 402229 or Jane on (01229) 402243.

Like us on Facebook. Follow us on Twitter. Visit www.pooletownsend.co.uk/targetspouse

SHARE THIS ARTICLE

North West Evening Mail What's on search










Powered by
nwemail.co.uk/jobs

Hot Jobs

Loading latest hot jobs...
Powered by Zoopla.co.uk






Featured companies

Searching for featured companies...
Search for:

Vote

Should Scotland become independent?

Yes

No

Show Result


• Click here to sign up for the Energy For Life - Walney Fun Run

Energy
Dining out

Go green 30

Iconic

MDW plumbing and heating 10 year anniversary

Walk to remember 2014


To save our contact details direct to your smartphone simply scan this QR code

North West Evening Mail

Evening Mail Going Out