We are a small family run business specialising in Will Writing and Estate Planning. We firmly believe that all of your assets should be retained by the people you choose. After all you have worked hard your entire life and you want it to go to those you love don’t you?
How We Were Formed
We are often asked how we came into this industry. The short answer is that we came into doing this from personal circumstances. Everything that we talk about, we have already been forced to confront as a family, and had to find a solution to ensure that nobody could take away what was so hard to build up.
In late 2007, whilst I (Gordon) was working as a Mortgage Broker, my Mother-In-Law, Elsie, (Dani’s Nan) suffered a severe stroke and was admitted to hospital and eventually was placed in a stroke rehabilitation unit. After nine long months we were told she had stayed the full length of time that she could and that she would be discharged. Suddenly, she was facing a very uncertain future, she was partially disabled and although she lived with her husband, their house (that they owned for 50 years) couldn’t be adapted. So the decision was made that they would come to live with me and my wife.
Our dining room became Elsie’s bedroom, carpet was pulled up, wooden flooring was put down, a hospital bed was put in and handrail installed. For nine months we looked after her and cared for her, after all, it’s family so that’s what you do isn’t it?
Soon, Elsie and her husband felt that they wanted to get back into their own home again and stop “putting on” us. They weren’t of course but they wanted to be independent as much as possible. We sold their house and looked for somewhere for them to live – we found a nice little flat about five minutes drive up the road. Close enough that we could pop round if we needed, but far enough that you can’t easily walk there. Objective achieved.
We did get help provided, carers came in from the Local Authority in the morning to help with washing and dressing, doing the same at bedtime. They also popped in a couple of times during the day. Lynn (my wife) often called in during the day to help with things like the weekly shopping.
There was a cost for this and we got a monthly bill of around £150. Now you might be thinking that isn’t so bad, but bear in mind that my father-in-law left school at 14, and worked for 51 years before retiring. During all that time he paid Income Tax and National Insurance contributions.
We had heard about families being forced to sell their home to pay for Care Home (Residential Care) Costs so we wanted to know more about it. A phone call was made to the Social Services department of the County Council (Local Authority) and they confirmed that as there were assets in excess of £23,000 there was a legal requirement to pay the full cost of the care, should Elsie need to be moved into a nursing home.
That cost would be around £850 per week , £3,500 per month or £42,000 per year and they told us that there was nothing we could do about it. When the cash ran out they would sell my in-laws home and take that money as well.
Talk about unjust! What about the 51 years of contributions? Those who have never worked, never saved anything or never bought their own home get it all for free, from the very start. In other words, because my father-in-law had done the right thing he was now going to be penalised and have the state take away his life’s efforts.
What Could We Do?
It turns out that there is way to avoid this legalised “theft” – by careful Estate Planning – namely the use of a Will and a Trust Fund. That is what we put in place – and eventually why we set up Wellingborough Wills – and now we have peace of mind that everything will be passed on in its entirety to future generations.
What Can You Do?
To get piece of mind, that your family assets can be retained by those you love, contact us and let Wellingborough Wills help you to protect your past, and secure your future with a carefully constructed estate plan.