ALL THE LATEST NEWS, VIEWS AND STORIES FROM AROUND YOUR LOCAL AREA:NOVEMBER/DECEMBER
Estate Planning
www.estateplanning.coop.co.uk
Richard Johnson Safeguarding Assets
01900 85269 07745 225 491
Richard.Johnson1@
coop.co.uk SECOND
RELATIONSHIPS
Where people enter into a subsequent marriage or relationship and have children from their first marriage or relationship the addressing of the inheritance planning issues that will arise is of considerable importance. It can be a source of concern and stress within their respective families, but with careful inheritance planning, it doesn’t need to be.
The job of an estate planner is to provide legal solutions to potential inheritance issues. Each couple are of course different so a degree of bespoke planning is required but usually there are equitable and fair solutions to be found that ensure that the standard of living of a survivor is maintained for the remainder of their life whilst also ensuring that when they pass away the children of the first deceased inherit what their parent intended them to receive. This type of planning that involves the safeguarding of specific assets after ‘first death’ is not unusual and it brings considerable peace of mind both to the couple themselves and to their respective children. All parties can relax; the survivor can feel secure in their home for the rest of their days and ‘who passes away first’ will not determine which children get what eventually.
A second marriage completely invalidates an existing Will. The newly married couple are back to intestacy which means all their assets pass automatically to their new spouse. Consequently if a second marriage is being planned it is important the couple draw up new Wills of the sort just described ‘in anticipation of their marriage’ with a specific clause maintaining the Will’s validity on marriage. Then they can enjoy their honeymoon and their children need not fret! If you are already in a second marriage or relationship and have no new inheritance planning in place then pick up the phone! I offer appointments in your own home and at a time convenient to you, including evenings.
Richard Johnson 01900 85269 or 07745 225 491
Richard Johnson Estate Planning Practitioner
JAMES A. MURRAY Carpenter, Joiner and Kitchen Fitter
Loft Ladders • Glazing • Guttering
• Building Maintenance • Sash Cords • Dry & Wet Rot Treatment
• Replacement Doors • Fencing • Flat Roofs • Laminate Floors • Traditional Floorboards
T. 01900 829 791 M. 07548 548 955 • Fully Insured • Time-Served
3 Lawson Garth Brigham Cockermouth CA13 0SX QUALITY CRAFTSMANSHIP
WWW.COCKERMOUTHPOST.CO.UK making christmas... magical! ✶ Low Road, Cockermouth ✶ ✶ 01900 827282 ✶
lakeshomecentre.co.uk ✶ ISSUE 437 | 21 NOVEMBER 2019 | 43 the lakes
...homecentre ✶ Christmas Trees and Decorations ✶ Gift Ideas ✶
✶ Household ✶ DIY ✶ Festive Hampers ✶ Electrical ✶ ✶ Yankee Candles ✶ Fireside ✶ Bathroom ✶
✶ Interior Design ✶ Real Deals ...and much, much more!
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48
