Carer Talk: Tax, Care and Toy Boys by Co-op Estate Planning

Published by Alison Watson-Shields on

Navigating the legal intricacies of estate planning can be a daunting prospect for many, but the Co-op estate planning team is dedicated to demystifying the process. They believe in providing accessible legal information and guidance, breaking down the barriers commonly associated with traditional law firms. As part of their community outreach, they offer engaging talks to groups, delivering valuable insights on crucial legal issues we all may face as we age. We extend an invitation for care partners to participate in this educational programme, offering an entertaining and informative 45-minute talk from one of the Co-op’s estate planning experts.

Talk Overview:
Past audiences have praised the talks for being both enjoyable and jargon-free, and we aim to bring the same experience to you. The talk, titled ‘Tax, Care, and Toy Boys,’ covers a range of essential topics:

  1. Protecting Your Home and Savings:
    One of the primary concerns as individuals age is ensuring their hard-earned assets benefit their loved ones. This talk will shed light on how care fees can impact this process and provide practical steps to safeguard your estate, ensuring it goes to the people you cherish the most.
  2. Inheritance Tax:
    As the saying goes, “Only two things in life are certain… death and taxes.” While they can’t help with the former, they can certainly help demystify Inheritance Tax. Their expert will explain its impact and share simple steps to potentially reduce the burden on your beneficiaries.
  3. ‘Sideways Disinheritance’ and Blended Families:
    The complexities of remarriage and blended families can unintentionally lead to situations where certain family members inherit nothing. The talk will outline the importance of taking proactive steps to ensure your chosen beneficiaries receive what you intend, addressing the potential pitfalls of ‘sideways disinheritance.’
  4. Lasting Powers of Attorney:
    Contemplating a time when you may be unable to make decisions for yourself due to illness, accidents, or old age is never easy. However, planning ahead by establishing Lasting Powers of Attorney can alleviate the burden on your family and reduce stress and costs during challenging times.

This 45-minute talk will include a Q&A session, allowing you time to seek clarification on specific concerns. Additionally, the Co-op will provide information on where you can access further guidance should they require additional support.

Estate planning doesn’t have to be intimidating. This entertaining and educational programme aims to empower you with the knowledge and tools needed to navigate these crucial aspects of life. By joining this initiative, you can gain valuable insights into protecting their assets, managing inheritance taxes, addressing family dynamics, and planning for the unexpected. Let’s embark on this journey together toward a more secure and informed future.

Categories: Carers

Notify of

Inline Feedbacks
View all comments