Money Matters

Ever heard the term tenants in common or joint tenants not many people have yet everybody who is an owner of a property should know no how they're property ownership has been set up this is particularly important when  one of the couple dies and the remining owner develops a need need long-term care If you're a sole owner you don't need to read any further that property will become part of your estate to be willed to whom you wish. Of course the real issue here is the way long term care costs are charged to you.  There are several ways of looking at this some might say that somebody sat on a property worth hundreds of thousands of pounds,  should contribute to their long term care ( that's the way it happens at the moment). On the other hand why should someone lose the value of their home which theve worked hard for to pay for what is in effect healthcare.     Login / Register Home Find a Member About Us Public Professional News Contact Us PROPERTY Severance of ...

I'm very much aware of the stories which keep popping up on Facebook and other social media about pensioners who have to work into the 70s and upwards. Whilst I feel a deal of sympathy for those affected I can't help feeling a little annoyed that so many people failed to plan for their future, expecting the state to provide a "comfortable" income for them till they passed on to the next life.  I need to say that working as I did in financial services during the 80s 90s and noughties I've many occasion to suggest to people they start saving for the retirement. I worked for a large home service insurance company and I've heard every excuse under the sun for people not follow my recommendation of saving a little for their future by using pension or similar saving plan. life insurance for those they'd leave behind should the depart this mortal coil. I therefore feel I should be forgiven when I say that I very little sympathy for these people.  I have suggested...