Bookham and District U3A
Bookham and District University of the Third Age
Click here to view the future diary

02 May 2017Tax, Care and Toy Boys
04 April 2017Social History of the English Language
07 March 2017The History of Egypt in 12 Objects
07 February 2017Wildlife Photography
03 January 2017Dying to be Beautiful
06 December 2016What The Butler Saw
01 November 2016The British are Coming!
04 October 2016AGM and The CAB
06 September 2016The Porstmouth Road
26 July 2016London Region Summer School

Click on a row to display more details about the diary

Tax, Care and Toy Boys
Chris Dingley
02/05/2017 Tuesday

Important information delivered in an informal and clear way covering inheritance tax, long tem carecosts, lasting power of attorney and wills.

These are important issues that affect families every day. Whilst their message is serious, their delivery is informal and delivered in plain English.  The thought provoking content, includes:

          •         Tax – few of us like paying tax, least of all a tax which is levied on our wealth when we die. Inheritance Tax has, however, been described as a ‘voluntary tax’ because there are allowances, exemptions and planning measures you can take to lower or eliminate your exposure to this tax.

          •         Long Term Care as many as 70,000 homes are sold each year to fund long term care. Recent research suggests 1 in 10 people (or 1 in 5 couples) will suffer care costs of at least £100,000 (Source: Dilnot Commission). As little as £14,250 could be left behind (the level at which full state funding kicks in).

          •         Toy Boys (Sideways Disinheritance) – Re-marriage of a surviving spouse after the first death of a couple can result in the new husband/wife inheriting everything, whilst the children get nothing. The fact is the inheritance you have worked hard to leave could be gratefully received by someone you didn’t intend to leave it to!

          •         Lasting Power of Attorney – A vital legal document that allows an individual to appoint the person or people they trust to manage their financial affairs (or welfare) if they are no longer able to do so for themselves. Mental incapacity can strike at any time as a result of accident or illness – you don’t always receive a warning.

A Will is not enough – 70% of the UK adult population doesn’t have a Will. The 30% that do have a Will often think they have done all they can to plan for the future. By its very nature, a Will only takes effect on death – so anything you put in your Will can’t help protect your assets during your lifetime.