Estate Planning

Richard Johnson Safeguarding Assets

01900 85269 07745 225 491 THE USEFULNESS OF TRUSTS

Trusts are a highly effective means of ensuring that assets such as property and financial investments do actually reach the intended beneficiaries. We live in a society where there are many means by which assets can be lost from a family... divorce, care fees, bankruptcy, being sued, a surviving partner remarrying or making a new Will, plus of course, through Capital Gains or Inheritance Tax.

This is where Trusts are so useful. They can be encompassed within a Will or exist outside of one and there are many different types of Trusts to address particular issues. Trusted people are appointed to be the Guardians of the assets placed into Trust. They can usually be beneficiaries of the Trust themselves. Trustees will normally allow a surviving spouse or partner to make full use of the assets in Trust.

We create Trusts to protect assets. Once assets, such as a house or investments, are in Trust with nominated beneficiaries they are out of the estate of the person who placed them into the Trust and therefore ‘ring-fenced’ for those beneficiaries. It is as simple as that.

Many people are worried about Care Fees taking away the inheritance they would like their children to have. The use of Trusts can guarantee assets do reach the children but the documentation must be created well before there is any indication that a person may require Care. The variety of Trusts is huge, they include Trusts to fully protect a House, Will Trusts to safeguard property and investment assets, a Trust to benefit a vulnerable person or to guarantee someone the right to reside in a property for the rest of their life.

What is for sure is that people who ask for help and advice and are then pro-active will be the most successful in safeguarding their assets. ‘Better safe than sorry’ comes to mind.

Richard Johnson 01900 85269 or 07745 225 491

Richard Johnson

Estate Planning Practitioner Free Venue Hire

IIn the centre of Keswiicckk n the cen K

Private Bar | Up to 100 people Great variety of food

Packages from £13.50 per person

Parties | Christenings | Funeral Teas |Weddings Conferences and more!

017687 72071 or The Greta Suite at the Skiddaw Hotel


Volunteering has long been an integral part of my life, having grown up in a household actively engaged in local charity work. For this reason, I relished the opportunity to undertake voluntary work for a month in India, starting a fundraising campaign and planning my adventure well in advance.

After months of fundraising and perhaps excessive preparation, I travelled to New Delhi. Naturally, I had reservations about how the trip would go, beginning to question why I had signed-up in the first place. These feelings

immediately dissipated

upon meeting my fellow volunteers and within the first few days of the programme, I knew I was having one of the best experiences of my life.

Arriving at the educational centre in the heart of the Okhla II industrial area of New Delhi, the sense of poverty strikes you immediately; the children walk around without shoes, the street is littered with rubbish, the smell

and the heat are

overpowering. Once inside the centre, adorned with ‘welcome’ banners displaying each of the volunteers’ names, it soon became apparent just how willing the children were to learn English and maths. Every day, they would sit facing the front without persuasion, with their scraps of paper and pencils poised, eager to learn. Their aspirations were equally as high as their desire for knowledge, with many wanting to become engineers, teachers

and world-famous cricketers.

An 11-hour overnight coach journey took us to Palampur, which lay in the shadows of the Himalayas. This was where I would spend the next stint of volunteering. Leaving the slums of New Delhi was difficult but we were assured that another group of volunteers would be visiting during the following weeks. Our next task was in a childcare centre in a village just outside Palampur; it had been overcome by damp and required complete re-decoration. Every day, we would walk half an hour to the centre from our accommodation. Although we did not meet many of the children who would use the centre, it seemed as though the whole village had come out to see us, bringing speciality local tea and biscuits. In some cases, they came to practise their English but most came out of curiosity to see the new foreign visitors and to convey their thanks for what many see as a community hub.

When reflecting on my time in India, at the forefront of my memories, will always be the

children of the slums of New Delhi and their inquisitiveness and determination. It has taught me the value of education and volunteering time to help others - things which we take for granted all too often. My experience has had a profound impact on my outlook on life, provided me with a sense of accomplishment and with a host of new friends from across the globe.

Volunteering is very much a two-way street, benefitting both those directly affected and those who volunteer. I am proud to be a part of the senior prefect team at Keswick School, championing volunteering both inside and outside of school, close to home and further afield. The Lions’ Young Leaders in Service Award is just one way we try to do this. No matter how large or small the voluntary work, it can change lives and leave a lasting effect.

Matthew Andrews (Deputy Head Boy) 16 NOVEMBER 2017 ISSUE 420 PAGE 18

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