A Lasting Power of Attorney (LPA) allows you to appoint a person you trust to manage your affairs should you no longer be able to do so yourself.
Without an LPA, should you become incapacitated the only way that a person can manage your affairs for you is to apply to the Court of Protection.
This can cost up to £2,000 and take up to 10 months.
Click here to contact us to discuss how PA Associates can help you with an LPA
Long Term Care
If you or a family member face the prospect of moving into a nursing home, then it's essential that a Long Term Care Plan is in place.
From funding care and Powers of Attorney to Inheritance Tax, we can help you to put in place the fundamentals to support you and your family.
Contact us today to discuss Long Term Care Planning
Every year over 70,000 homes are sold to fund long term care for the elderly, leaving the home owner with nothing to pass on to their descendants.
It is illegal to transfer your own property to relatives with the aim of avoiding paying for long term care, yet it is possible to protect your property using a Protective Will Property Trust.
For more details see our "Trusts" section
Many people assume that if they die without having made a Will their assets and possessions will be passed to their spouse or nearest living relative.
This is not always the case. A Will ensures any money, property or possessions are inherited by the people YOU choose.
With a correctly signed and witnessed Will, it's crucial if your wishes are to be carried out, that the Will is not lost or destroyed by accident. Safe storage of your documents is therefore critical.
Probate is the legal process of administering the estate of a person who has died, and, after deducting debts and other liabilities, transferring that person's money and possessions to the people who will inherit them: their beneficiaries.
From closing bank accounts to selling the house to setting up trusts, we can help support and manage Probate for you. Call us today to discuss our Probate Service or see our Probate page for more info
Business Protection and Succession Planning are vital for any business and business owner, whether that be for the long term success of the business itself or the provision for the family of the business owner.
The key services we offer in the area of Business Protection / Succession Planning are the provision of Business Lasting Powers of Attorney and Business Wills.
Financial continuity is one of the key elements in business planning, and is valid whether you are a Sole Trader, Partner, or Company Director.
The main objective is to ensure the efficient running of the business in the event of any disruption which could happen if you became incapable of running, or making decisions about your business.
A Lasting Power of Attorney is a necessity for all business owners - see our Business Lasting Powers of Attorney page here for more details.
Whether you are a Sole Proprietor, in Partnership or a Shareholding Director of a Ltd Company, dying without a Will can have a devastating effect on the future success of a business resulting in substantial problems not only for the members of the business but also their families.
A Will is an essential requirement for business owners and the best options vary depending on your business type. Take a look at our Business Wills page here.
To discuss the best options on Business Lasting Powers of Attorney and Business Wills for you and your Business, request a free call back at a convenient time for you.
Whether you are a Sole Proprietor, in Partnership or a Shareholding Director of a Ltd Company, dying without a Will can have a devastating effect on the future success of a business, resulting in substantial problems not only for the members of the business but also their families.
Help protect your business and family by putting in place the right planning. Take a look at our Business Owners Section
Making a Will and planning to protect and preserve your wealth for your family, is one of the most important things that you will ever do.
At PA Associates we can provide tailor made solutions for your circumstances and objectives, making the experience as easy, convenient and affordable as possible.
See our "You & Your Family" section for our services
Placing your home and/or other assets in trust whilst you are still alive can provide numerous benefits to you and your family.
Benefits can include protecting your home and other assets from having to be used to pay care home fees and avoiding Inheritance Tax.
Vulnerable Person Trust
A Vulnerable Person Trust provides the protection of a standard Discretionary Trust but combines an advantageous taxation regime and allows the Trustees, to use the Trust fund to pay for any needs that the vulnerable person may have. For more details click here
Property Trust Wills
Does the possibility of your home having to be sold to pay for care fees concern you?
Does the thought of leaving a drastically reduced portion of your hard earned estate to your children, upset you?
A Flexible Life Interest Trust (FLIT) in your Will offers greater peace of mind if you have significant assets or investments as well as property, and wish to protect their value for future generations. See more details here
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