On Wednesday 12th September 2018, Four Oaks Legal Services and Tamworth Wellbeing and Cancer Support Centre, held their inaugural charity golf day at Aston Wood Golf Club.
Ten teams played the 18 hole course at Aston Wood, including a team made up of former football manager Ron Atkinson, former Aston Villa footballer Steve Staunton and local Birmingham based actor Mitch Powell, in superb September weather.
Thanks to the incredible generosity of the golfers, the sponsors and our hosts at Aston Wood, the day was a great success and raised a whopping £2,209.15 for Tamworth Wellbeing and Support Centre!
A huge congratulations go to the winning team ‘The Peaky Blinders’, consisting of our very special guests Ron Atkinson, Steve Staunton, Mitch Powell and Aston Wood Manager Simon Smith. Also, a well done to the best individual player Richard Bywater and the runner up, our very own Stuart McIntosh. Nearest the pin winner was Simon Trevelyan of Four Oaks Financial Services. The longest drive winner was John Burton and the putting competition winner was Mark Blake – congratulations to you all!
Winners! ‘The Peaky Blinders’ (Left to Right) Ron Atkinson, Simon Smith, Mitch Powell and Steve Staunton.
Finally, we would like to thank our sponsors for the event, who helped raise much needed funds for the charity. To you all, we are very grateful:-
Tamworth Wellbeing Cancer Support Centre Golf Day 2018 Sponsors
Please keep Wednesday 11th September 2019 free as we are planning to do it all over again!
Were you a client of Universal Wealth Preservation?
Four Oaks Legal Services have been made aware by the Society of Trusts and Estates Practitioners (STEP) that they have received an unprecedented number of enquiries about Mr Steven Long and the companies of which he is a Director, namely Universal Tax Solutions which traded as Universal Wealth Preservation. Associated companies also include Universal Asset Protection Ltd and Universal Trustees Ltd.
Mr Steven Long, his Wife Mrs Melanie Long and Universal Trustees Ltd have acted as Professional Trustees for many clients. Universal Wealth also assisted clients with the drafting and management of trusts; drafting wills and lasting powers of attorney (LPAs); as well as providing storage of original documents.
STEP have confirmed that they suspended Mr Long’s membership back in November 2017, pending the outcome of investigations into the numerous complaints they received.
Universal Asset Protection entered into compulsory liquidation in May 2018, although the business premises of Universal Wealth Preservation was closed several months before this time and the website is no longer active.
Four Oaks Legal are aware that many people have experienced great difficulties in attempting to contact Universal, with no responses to emails, letters or phone calls made. Those clients have been concerned about the management of their trusts and have been unable to ascertain the whereabouts of their assets, or retrieve original wills and LPAs held in storage by Universal. Some clients have discovered their LPAs have not been registered with the Office of the Public Guardian (OPG), although they believed they had.
We are aware that Suffolk Police are in the process of investigating Mr and Mrs Long, and they have seized all documents that were held at the businesses premises. Universal clients now face the realistic prospect that they are unlikely to retrieve original documents or to recover cash assets.
What should you do now?
The advice STEP is giving to Universal clients is as follows:-
Seek independent legal advice from an experienced trust and estate practitioner on your options, which may include how to make an application to the courts to replace Mr and Mrs Long/Universal Asset Protection Ltd as trustees, making new wills and LPAs.
Check whether Lasting or Enduring Powers of Attorney have been registered with the Office of the Public Guardian – call the OPG on 0300 456 0300.
If you are not in possession of an original will held by them, make a new one without delay.
Contact the Land Registry to ascertain in whose name your property is registered. Call the Land Registry on 0300 006 0411. The Land Registry is aware of the issues with Universal.
If appropriate, consider whether to make a report to Action Fraud quoting ‘Operation Ardent’.
If concerned by marketing information received or direct approaches from other firms advising you to use their services, consider taking advice from Trading Standards/Citizens Advice Bureau.
If you are affected by any of these issues with Universal, please contact Rebecca Head or Joanna Parkin on 0121 308 8231 and they will be pleased to discuss your options with you.
Beckie is a Dementia Friends Champion for the Alzheimer’s Society. This means that she was trained by the Alzheimer’s Society to present Dementia Friends information sessions. The sessions are aimed at increasing understanding about dementia and helping make our communities more inclusive and dementia friendly.
Beckie has been a Champion for a number of years and has been delivering the sessions to small local groups and companies. We are pleased to announce that Beckie has now trained over 100 people to become Dementia Friends, having hit 113 on the 18th July 2018. Beckie has more sessions planned for later in the year as well.
Beckie Head, Co-Director of Four Oaks Legal Services
Beckie said “The sessions are a great way to get us all talking and thinking about dementia. By increasing our own understanding, it can only be beneficial to those living with dementia. There are some 850,000 people diagnosed with dementia in the UK, so whether we realise it or not, we all know someone living with dementia, be it the person themselves or those that care for them”.
Many businesses, large and small, are seeing the benefits of making their team dementia friendly. A member of staff from a Sutton Coldfield security company who recently had a session delivered said “Really enjoyed your session and the feedback from the attendees was equally complimenting. It evoked a lot of thought and we all feel better equipped to engage with those that have the condition. I shall spread the word – so just be aware you may get a deluge of requests!”
If you would like Beckie to run a session for your group or business, please contact us. The sessions are run by Beckie on a voluntary basis on behalf of the Alzheimer’s Society and are therefore completely free of charge.
A question that our probate team often get asked is “Can we get a copy of a Will after a person has died?”.
Can I get a copy of a Will?
If an estate requires a Grant of Probate then the deceased’s original Will is submitted to the Probate Registry and is retained there. The Will then becomes a public document and anyone, upon payment of a small fee, can apply for a copy of it.
You can find out if a Grant of Probate has been obtained, and order a copy of a Will, by using the Gov.UK search tool here:-
Following the successful refund scheme for registration fees in relation to Lasting Powers of Attorney, the Ministry of Justice have now announced that some Court of Protection fees are also to be reduced. An internal review found that the fees are higher than necessary to recover court costs. Therefore, a refund scheme will be set up to reimburse people the amounts they have been over-charged. Details of the scheme are yet to be published.
• 98% of people in the West Midlands leave important health and welfare decisions to chance
• 71% would like a family member to make medical and care decisions on their behalf, in the event of mental incapacity
• 80% of people in the West Midlands are worried about dementia and losing the ability to make decisions for themselves
• 81% haven’t discussed end of life medical and care wishes
• 36% admit to having made no provisions at all, such as a will, Lasting Power of Attorney (LPA), pension or funeral plan
Coalition of partners join forces to warn of ‘incapacity crisis’ led by SFE, including Baroness Ilora Finlay, Alzheimer’s Society, Dying Matters, Age UK, Anchor, and SOLLA
A new report from SFE (Solicitors for the Elderly) and independent think tank, Centre for Future Studies, reveals the UK is leaving medical and care preferences to chance. The report looks at the ever-increasing number of people living with dementia which, combined with the failure to plan ahead for mental incapacity, exposes a looming crisis.
The study found 98% of people in the West Midlands have not made necessary provisions, should they lose capacity from conditions like dementia. A further 36% admit to having made no provisions at all for later life, including a will, pension, funeral plan or LPA.
The research found that 80% of people in the region are worried about dementia and losing the ability to make decisions for themselves, but 81% have not spoken about, or even considered, personal medical and care end of life decisions.
A staggering 70% of people incorrectly believe that their next of kin can specify what they would have wanted if they are no longer able to and 71% of the public would like a family member to make medical and care decisions on their behalf.
69% of people incorrectly believe that their spouse has the power to do so
80% of those in the West Midlands are worried about becoming mentally incapacitated and losing the ability to make decisions for themselves
60% believe that being on the NHS organ donor register ensures that organs are donated following death, however this is not the case.
Only 2% of Britons surveyed in the West Midlands by SFE have a health and welfare LPA in place.
SFE is urging the nation to act now to avoid this incapacity crisis by planning ahead in case of mental incapacity.
It is crucial to have a conversation with loved ones in order to make specific medical and care wishes known – such as, where you are cared for, whether you wish to be an organ donor and whether or not you would want to be resuscitated – otherwise there is a risk your preferences are not taken into account.
The campaign calls on people to act now and start a conversation with loved ones about end of life topics to remove the stigma surrounding the discussion.
Lakshmi Turner, Chief Executive of SFE, said:
“Most of us do not like thinking about, let alone talking about, death, disability or disease, despite the fact that it touches all our lives – but it is essential that we do so.
“Whilst it’s great that more and more of us are putting wills in place and establishing plans for finances and assets, far too few of us are planning ahead for our health and care needs and wishes, leaving this to chance.
“It’s time to set the record straight. Planning ahead by talking to family or friends shouldn’t be seen as doom and gloom, it’s about having a positive conversation about welfare, empowering your loved ones and making the decision-making process easier for everyone.”
Professor Ilora, the Baroness Finlay, states: “With decades of experience working and campaigning around palliative medicine, the low numbers of health and welfare lasting power of attorneys is of concern.
“When a person loses capacity to take decisions, it is sad to see families and professionals struggling to try to determine what a person would have wanted. Delays and distress can be avoided by appointing someone to speak for you when you can no longer speak up for yourself.
“Discussing medical and care wishes ahead of time ensures that care can respect an individual’s wishes, with the respect they deserve – even when it comes to fulfilling wishes after death, such as organ donation.
“It’s important to have an open discussion about future illnesses and possible incapacity. I urge the millions of people who haven’t given loved ones the opportunity to listen, to act now.”
Jeremy Hughes CBE, Chief Executive of Alzheimer’s Society
“We welcome this initiative. Lasting powers of attorney for health and welfare too often get overlooked.
“People with dementia have the right to make choices about their care, just like anyone else. Making someone they trust their attorney for health and welfare is one of the ways people can do this. A health and welfare LPA provides reassurance to them and the act of creating one can start useful conversations about the future with family and friends.”
An increasing number of people are worried about the possibility of needing care in the future and the financial impact that may have upon their assets. Protective Property Trusts in your Will can enable a couple to save part of their property to pass onto their family. These types of Wills are also sometimes called Property Trust Wills.
What is a Property Trust Will?
A property trust is a type of legal structure that can be included as part of your Will and is designed to protect your share of jointly owned property from being included in financial assessments that are carried out to determine how much you should contribute to long-term care fees. The structure can also be useful should you be worried that your spouse might re-marry in the future by protecting your share of the property for your family.
A property trust will covers a share of a jointly-owned property to ensure that a surviving spouse or partner can still benefit from their deceased partner’s share in the property even when they are gone.Bottom of FormShould the survivor have to go into long-term care, their deceased spouse’s share will be protected – and can be passed onto family members upon their death.
Most couples when making a Will, leave their assets directly to their partner. Should the partner require care, this can mean that there are less assets to pass onto the family after their death.
For this reason, Property Will Trusts can hold assets on behalf of the partner to guard against deductions made due to care costs.
How Does It Work?
The best way to explain how Property Trust Wills work is through an example:-
Let’s say Mr and Mrs Marr jointly own their home. They want to ensure that their respective shares will be passed to their two children when they pass away. They want peace of mind that if the survivor of them needs care, at least half the property can be passed to their two children.
If Mr Marr dies before his wife, his half share in the property will go into the Property Trust set up in his Will – with the remainder of his estate left to Mrs Marr. She then has the right to occupy the property or move house if she wishes. If she requires long-term care in the future, her Husband’s share of the property remains in trust and cannot be taken into account during any financial assessments to determine what she will need pay towards her care.
In short, 50% of the value of the property cannot be taken and used to pay for her care fees.
This type of trust covers every eventuality. Even if Mr and Mrs Marr’s children divorce, predecease them or declare bankruptcy, the surviving spouse still retains occupancy and their share in the property is fully protected. Upon Mrs Marr’s death, the half share of the property is transferred to her two children, even if Mrs Marr has used all her assets to pay for care.
What Does This Cost?
Depending on your circumstances, this type of arrangement can cost from £400 – £525 + VAT.
Four Oaks Legal Services can assist if you feel a Property Trust Will might suit your circumstances. Please contact us on 0121 308 8231.
One of the frequent questions I get asked as a Solicitor is whether a parent should give their home to their children. My clients have many reasons in mind as to why they might want to do this from ensuring the house passes to the children to attempting to avoid paying for care or just getting the children to take over responsibility for the property so they don’t have to worry about maintenance issues any longer.
Providing you have no mortgage on your property, you are at liberty to gift your home to your family if you want to do so. But there are a few issues you may need to bear in mind before making that decision:
You will no longer be the legal owner of your home
If you gift your home, you need to consider the possibility that your child may divorce. If this happens, they may be forced to sell your home as part of those proceedings. Equally, your son or daughter’s ex-spouse would have a legal claim against their estate, which would also include your home.
If your child has financial problems and had an issue with bankruptcy, your home would form part of their estate. This could then potentially be claimed by creditors seeking to claw back money from their estate.
If your child predeceases you, their beneficiaries would then become the owner of your home.
If you wanted to obtain equity release on the property, you would be unable to.
If you needed to release some equity from your home, perhaps to help pay for adaptions if your health needs changed, you would not be able to do this. As you wouldn’t own the property, you can’t take equity release on it.
You need to consider Inheritance Tax
You may think that if you transfer your home to your children, then it won’t form part of your estate for inheritance tax purposes should you survive 7 years after making the gift. Unfortunately that is not the case. Due to the reservation of benefit rules, if you “give” away an asset that you continue to use, it is still treated as part of your estate for inheritance tax purposes. By gifting your property to you children during your lifetime, you could also lose the new residential nil rate band allowance as well.
You need to consider Capital Gains Tax
Before gifting your property, you also need to think about other tax, such as capital gains tax. This applies where a property is not a “principal primary residence” and could apply if, for example, your child is not living in your home when it is transferred into their name but has increased in value when they come to sell it.
Will I avoid care home fees?
You need to tread carefully before passing your home onto your children for this reason. The Local Authority could view this as “deliberate deprivation of assets” to avoid having to pay residential care home fees.
Put simply, transferring your home to your children in this way may be seen as an attempt to conceal funds to avoid paying for care.
If this is deemed to be the case, the Local Authority can reverse the transfer of ownership back to you or they can include the value of the home in your financial calculation anyway but including it as “notional capital”.
So gifting your home involves a number of considerations and a decision to do this should not be taken lightly. I would recommend seeking advice from a specialist Solicitor about these issues beforehand.
Rebecca Head is a private client Solicitor with many years experience and can be contacted on 0121 308 8231.
Four Oaks Legal Services were once again shortlisted in the Business Networking Awards in the category “Professional Business of the Year”, along with a number of other prestigious local companies.
The Business Networking Awards takes place each year and brings together businesses from Sutton Coldfield, Tamworth and Lichfield. The event took place this year at Drayton Manor on Saturday 7th April.
Four Oaks Legal Services were delighted for the second year running to be the only business in their category to be awarded a”Highly Commended” status.
Director Stuart McIntosh and Solicitor Joanna Parkin attended the entertaining evening celebrating the success of local businesses.
Four Oaks Legal Services would like to thank everyone involved with the Business Networking Awards for all their hard work and congratulate all those who were recognised on the evening.
We reported back in July 2017 that the Office of the Public Guardian would be making partial refunds to people who had paid to register their Lasting Powers of Attorney between the 1st April 2013 and the 31st March 2017. This was due to the Office of the Public Guardian making savings on their operating costs which weren’t passed onto the public at that time.
The Office of the Public Guardian have now announced that either the donor of the power or their appointed attorney can make the application for a refund. Full details can be found on the Government website https://www.gov.uk/power-of-attorney-refund but applications can be made online or by telephoning the Office of the Public Guardian on 0300 456 0300 (choose option 6).
What Might I Be Entitled To?
How much you get will depend on when you paid the fee. You will also be entitled to 0.5% interest on the sum due.
When you paid the fee
Refund for each power of attorney
April to September 2013
October 2013 to March 2014
April 2014 to March 2015
April 2015 to March 2016
April 2016 to March 2017
You’ll be entitled to half the refund if you paid a reduced fee.
The Office of the Public Guardian has estimated there will be some £89 million pounds to be refunded, so they are estimating it will take up to 12 weeks to process the refunds.
Finally, if the donor of the power has since passed away, a refund can still be claimed.
For further information, please contact us on 0121 308 8231.
Four Oaks Legal Services Limited is a company registered in England under co. registration number 07277338. A list of directors is available from the Registered Office. VAT Number GB 996 0761 72
This company is regulated and authorised by the Solicitors Regulation Authority and is registered under SRA reference number 546860. The company holds a policy of insurance issued by Mavern Underwriters for insurable risks for work carried out in the jurisdiction of England & Wales. The Code of Conduct governing the practice of solicitors is to be found in the SRA Handbook here