Its a guy called Clive Langley who works for PSA Financial Services who in turn work wih Angel & Co solicitors to set up the family trusts and tenants in common wills. I met Clive through the Civil Service Pensioners Association (CSPA) and we don't have a problem with the advice or with Clive but just wanted a second opinion as it is a big decision.
We currently have set up a tenants in common Will, but we have significant savings in ISAs and bank / savings accounts all of which are liable to be accessed as part of our assets should costs for the care of one or both of us arise in the future.
It has been suggested we set up:
1. A Family Trust for the house - which we own outright, and
2. Shift some of our assets into Investment Bonds which are not able to be accessed by LAs for care costs usually.
Finally, we estimate that our estate overall is beneath the threshold for which Inheritance Tax applies.
Hope this helps!
David & Marion Fisher
Not more than £250k at this time based on house sales in the area.