COVID 19 UPDATE - We are open for business for all services, but in line with government guidelines we continue to mix home visits with remote working. If you do not want someone calling at your home, or are outside of our normal catchment area, all instructions can be undertaken by phone, email, chat or Zoom/Skype etc.
Last Revised: 13th April 2021
“Always plan ahead.
It wasn’t raining when Noah built the ark.”
– Cardinal Cushing
Welcome to Castle Estate Solutions
For obvious reasons, dying is not something most people want to spend a lot of time thinking about - that's understandable, but unfortunately it is something that's going happen to all of us; the only question for each of us, is whether or not we're going to prepare for it?
At Castle Estate Solutions we have everything you need to put your house in order, get things sorted out and then forget about it, reassured and relaxed in the knowledge that everything is all planned for, prepared for and even paid for.
Our full range of Services
for ALL your Estate Planning Needs
If you die without a will, the law says who gets what – what you would have wanted is irrelevant in this process. That’s why it’s so important to make sure you have a valid will in place.
Your will lets you decide what happens to your money, property and possessions after your death.
Lasting Power of Attorney is a legal document which allows people you have selected to manage your financial and personal affairs on your behalf if a situation arises that leaves you unable to do so yourself. The law calls these selected people “attorneys.”
Every one of us may reach a point in life when having a trusted attorney is vital.
Nobody wants their family to face money worries in the future. A Funeral Plan lets you pay for your own funeral in advance of your death and to fix the cost of the funeral director’s services covered by your plan at today’s prices.
Taking out a Funeral Plan now will save your family a lot of time, money and worry.
A properly constituted Family Trust is a perfect way to provide anyone you wish to benefit with a fallback fund should an unexpected emergency arise.
From legal fees to defend against an accusation, to medical fees should private care be needed, a Family Trust will always be there to provide.
We find that many people who have been appointed to act as an executor for the first time have little idea what exactly they are meant to do and how to go about the whole process.
This is particularly so if they are not used to dealing with financial matters like bank accounts, investments, shares, property assets and insurance policies.
For estates valued at over £325,000 (tax year 2020/2021) Inheritance Tax of 40% may apply.
Careful forward planning can reduce or even eliminate this tax.
Why pay so much when there's no need to?
If your home is already paid for (or even if the mortgage left remaining is low), you may be able to release equity, either to provide money to use now or to make plans for your beneficiaries.
There is no risk to your home in doing this.
If you have digital assets - maybe Bitcoin or another cryptocurrency - or any other asset that exists online, there are mechanisms for passing those assets on without the need to turn them into cash first.
Such assets can also be held outside of an estate making them not subject to probate.
For those who do have spare money, what better legacy could they leave than funding a grandchild or great-grandchild's education.
With tuition fees and living costs constantly rising, this could be the best gift you'll ever give.
An advance decision (often known as an advance decision to refuse treatment, an ADRT, or a living will) is a decision you can make now to refuse a specific type of treatment at some time in the future.
It lets your family, carers and health professionals know your wishes about refusing treatment if you're unable to make or communicate those decisions yourself.
An Asset Protection Trust, as the name suggests, is a means of protecting what you have against some unknown future event or situation.
Although the concept is simple, if such an arrangement is going to work, the framing and execution must be done with meticulous care.
For many high net worth individuals or families, forming a Private Foundation is the pinnacle of wealth planning - protecting wealth not just for the founders but for generations to come.
We have considerable experience in Foundations and a wide choice of jurisdictions.
The severing of a Joint Tenancy and replacement with a Common Tenancy is a tried and tested first step in many Long Term Care and IHT plans.
For most couples, this enables half the value of a property to go into trust on the first death.
As many as one in six people over 85 end up in a care home of some sort. This often means that the value of any property or other assets they might own will be at risk of being used to pay care home fees.
With annualised care home fees now around the £33,000 per annum mark, this is an area that's worth thinking about.
When an old person dies, the family or executor is often presented with an old box stuffed full of statements, share certificates and insurance policies - for someone not used to dealing with such things, valuation can be a daunting task.
We provide a full valuation service either after or before death.
Business and Farm (Agricultural) Relief are both very useful in IHT planning but are often ignored simply due to people being unaware of them.
For those who have left IHT planning until very late in life, the use of these reliefs is worth considering.
Your Essential Estate Planning Checklist
Items that everyone should consider having in place:
An up to date, signed, valid Will
A Health & Welfare Lasting Power of Attorney
A Property & Financial Lasting Power of Attorney
A Living Will/Advance Decision
A Funeral Plan with an FPA registered company
Additional items for property owners to consider:
Change of Tenancy
Long Term Care Planning
Additional items for Higher Net Worth clients:
Inheritance Tax Planning
Asset Protection Trusts
Additional items for Very High Net Worth clients:
No matter how involved or complex your wishes, our consultants will be pleased to help you get everything in order.
When it comes to protecting your family and loved ones, nothing can beat a completely bespoke personal service.
Please feel free to get in touch with us by email, telephone or using the form below. One of our consultants will be happy to discuss any or all of our services with you in complete confidence and without any obligation on your part.