You are here

Bloomsburry Family law

News

Planning Appropriate Life Interest Wills For Second Marriage Situations

Ralph Rays article (Volume 1 Issue 6) raises some interesting points on good practice and it may be helpful to look at possible areas where complaints could be raised by disappointed beneficiaries (who are only too alert these days to demanding higher standards of expertise by solicitors and other professionals).

Equity Release and Long Term Care

The Governments recent proposals on the funding of Long Term Care have increased awareness of the potential financing opportunities afforded by equity release schemes, Cecil Hinton analyses the effectiveness of the various schemes under these proposals, and calls for the products and the market to be regulated under the FSA.

Comments On The Governments Current Proposals And Suggested Amendments

Given the limited space available, it is clearly not possible to consider much more than one age example but I think a lady of 75 is reasonably representative. However, the next table gives you a broad summary over the age range indicating who is likely to benefit from the Governments proposals and who is not, including some comments on how the suggestions I have just made would affect things. This summary assumes that income as well as long term care is provided. One general point I would make is that the plan benefits are always going to be more attractive for males because of the higher annuity rates payable and the lower long term care premiums

Pages

Opsray