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Green Lane Solutions - Wills
A will is a legal document which ensures your wishes are carried out after your demise. It will help your family and dependents to distribute your estate in line with your wishes. The Executors of your will can be family members, friends, or legal representatives.

If you don't have a will, your assets will be distributed according to the law (Rules of Intestacy), and not necessarily according to your wishes.

Lasting Power of Attorney

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Most people acknowledge that it is important to organise their affairs in the event of their death, which is why so many people make a Will these days. However, many fail to make similar provisions to organise their affairs should they become unable to look after them themselves during their lifetime, through illness or accident - an ever increasing possibility given the constant advances in medical care.

A Lasting Power of Attorney is a legal document that allows you to appoint someone you trust as an ‘attorney’ to make decisions on your behalf about your welfare, money or property.

Since October 2007 there are two types of lasting Power of Attorney (LPA). One deals specifically with your property and affairs and will appoint one or more people to manage your financial affairs if you cannot. We would recommend you appoint your spouse or partner, if you have one, along with a child or children. They will have the authority to act on your behalf in matters such as operating bank accounts, claiming benefits and selling your house. Your Attorneys have to abide by strict rules which prevent them from using your assets for anything other than your benefit. The second LPA is for health and welfare decisions. Their decisions can include the type and quality of care you receive, any medical treatment and medicines you require and importantly, where you live. No-one can make these decisions for you while you still have the capacity to do so yourself.

You may place restrictions on how and when your LPAs can be used and you can appoint reserve Attorneys, you may also elect to have a specific person notified before your LPA is used. Your LPAs need to be registered with the court before they can be used, we recommend this be done at the time the LPA is made to avoid delays as registration of the LPA can take several months.

If you require further information please contact one of our experts:

Trusts, Property Protection Trusts (PPT) and Family Protection Trusts (FPT)

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One way to think of a Trust is as a safety deposit box for you to keep your assets in (such as your home and/or savings). Your assets can be placed into a Family Protection Trust which is established in your name and for your benefit whilst you are alive.

If your property is placed into the trust then you are still free to move house if you so wish, and any savings placed into the trust can still be accessed as required or invested for both capital growth or to produce an income.

Furthermore, placing your assets into a Family Protection Trust and used in conjunction with your Will should ensure that your assets pass to the people you want them to after your death.

When the Trust ends your Trustees will pass the assets to your beneficiaries without having to follow any complicated processes or procedures and without having to apply for a Grant of Probate, potentially savings your estate several thousands of pounds.

There are other Benefits to the Family Protection Trust such as protecting your assets against, Dependent Relatives Claims, loss of family assets through Children’s divorce and Sideways Disinheritance.

A Family Protection Trust is available to anyone aged over the age of 18, and available to both single people as well as couples.

If you require further information please contact one of our experts:

Long term Care Fees

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Green Lane Solutions - Long term Care

It is predicted that half of all women and one in three men will need some form of long term care in the future. If your assets are above specific defined thresholds you are expected to pay towards or for your cost of care.

If you have savings or capital of more than £23,250 and require care in your home, you are normally expected to cover the full cost. Between £14,250 and £23,250 you will be expected to contribute towards the cost of your care.

Although your home should not be included in the assessment while you are living in it, your income will be taken into consideration.

The same defined thresholds are used if you require residential care. However, if you live alone and go into care the value of your home will also normally be taken into consideration and this will count towards the upper limit threshold of £23,250. Only when your total assets are lower than this figure will the local authority contribute towards your care costs.

If Long Term Care Fees concern you please contact one of our experts.


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Green Lane Solutions - Probate
What is Probate?

When a person dies, somebody has to deal with their estate. The High Court is the only body that is able to issue the documents which give persons the ability to deal with the estate of the deceased, such as to enable them to close bank accounts or sell property or shares.

It is the production and issuing of these documents, known collectively as "Grants of Representation" that is the primary function of the Probate Registries, which are part of the High Court, to which the general public and probate professionals alike apply to for the Grants of Representation.

There are many different types of Grants of Representation, each one designed to cover a particular circumstance. The most common ones are those which cover the two most common situations - either the deceased died leaving a valid Will or they did not.
  1. If someone left a valid Will then it is more than likely that the Grant will be a "Grant of Probate".

  2. If there was no Will then the Grant required is likely to be a "Grant of Administration". 

There are many other Grants which can be required in certain circumstances but the general public is most likely to encounter these two - the Grant of Probate and the Grant of Administration.

Part of our job at Green Lane Trust Solutions is to take the worry away for you and your family. Some of our trusts include application for probate when it arises, and some trusts negate the need for probate completely.

Talk to us now if probate concerns you or your executors in any way. If however you did need help to apply for probate then we will be happy to help your executors (it is their obligation to apply for grant of probate).

Funeral planning

What are Funeral Plans?

None of us enjoy thinking about a time when we won’t be around anymore, but neither do we want to leave our families a burden of cost and organisation at a time when they will need peace to grieve. With a Funeral Plan, you can plan all the funeral arrangements in advance, giving your loved ones the reassurance that all the key decisions have been made and the funds are in place. By making decisions now, you can make things easier for everyone in the future.

Funeral Plans make good financial sense. By acting now, you can secure the costs at today's prices, thus protecting against the rising cost of inflation, regardless of how prices rise in the future. Taking a decision now to plan for your funeral and to cover its costs at today's prices also allows you to remove potential anguish for your family and get on with living your life to the full, without having to worry about what happens afterwards.

Back in 2004, an average funeral cost around £1,920. However, recent research (Mintel 2011) shows the average cost of a funeral in the UK is now £3,091 - an increase of 61% in seven years, well above the general level of inflation. If this trend continues, the average cost of a funeral in 2018 will be almost £5,000.

Paying in advance for your funeral is a sensible decision that will save money, benefiting your family or estate, in addition it enables you to personalise a funeral to the last detail, from the music to the dress code should you wish to. This can therefore save loved ones having to make these decisions at a difficult time.

You can choose from a number of standard options to match your budget and preferences, and specify particular requirements within those options. At any stage we’ll be happy to assist you in your choice and answer any questions you may have in a sensitive manner.

Additional Products and Services We Offer

  • Property Protection Trust Wills (tenancy in common).
  • Court of Protection Orders (required when someone has lost capacity without a Power of Attorney in place).
  • Deed of Variation (when all beneficiaries of an existing Will agree that a deceased person’s Will can be altered after their death).
  • Probate work (required on estates where a Trust is not in place or the value of the estate is greater than the value of the Trust).
  • Pre-paid Funeral Plans.
  • We also work closely with a local firm of Financial Advisors should you require financial advice or further inheritance tax planning.

If you require further information please contact one of our experts: