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No Change Budget

The recent Budget announced by The Chancellor contained no new changes to Inheritance Tax. It only confirmed that there would be no increases in the tax free allowance of £325k per person until after 2017. This is a far cry from David Cameron’s original pledge...

Long Term Care —Government Proposals

There is a saying that ‘All that glitters is not gold’ and the new proposals put forward by Jeremy Hunt yesterday appear to fall into this category. The Government is proposing to introduce legislation by 2017 which will cap the total paid by any person...

Double Penalty for Savers

A new report reveals that record numbers of pensioners are funding their own care fees. 57% of elderley care home residents-231000-are either fully or part funding their care home fees. This is higher than ever before. At the same time the fees are rapidly increasing...

1in4 face losing everything

A report released today by the Local Government Information Unit warns that 1 in 4 pensioners who fund their own care fees will end up losing their home and almost all their savings. It states that as many as 40000 people who fund their own care fees will see their...

Excutors Beware

A recent case in Staffordshire has highlighted the risks to family  Executors of Wills . An early distribution of the Estate of her mother to members of the family, after meeting funeral costs , has resulted in a personal liability to the daughter .  It resulted from...

Shaky signature prevents access to savings

Reported in the Daily Mail on 17 October are details of a 90 year old who is being prevented from accessing his savings to pay his care fees  by the Yorkshire Building Society who says it cannot recognise his signature. The elderly pensioner is still sound of mind and...