Mother comes first - The importance of good legacy planning

dominik-lange-vuoiqw4oeli-unsplash.jpg

How can you ensure that the wishes of you or a loved one are carried out if you or they are no longer able to make their own decisions? Diane Bush of True Bearing Legal Services gives us some insight into why good legacy planning is essential.

My client approached me after attending a Pre-Retirement Workshop organised by True Bearing. Although he knew that retirement planning was something he needed to consider, a more immediate need was to discuss Legacy Planning for his elderly mother.

The Meeting

We met and the sons were present to discuss all the various options for this lady. She was keen to protect her two sons who both cared for her in different ways. One lived close by, while the other always helped her with her finances.

Her Worries

She had been widowed a number of years previously and hadn’t updated her Will for some considerable time. There had been several changes within the family, grandchildren being born was one of the key issues.

She wanted to ensure that “only her two sons - the boys” would inherit from her when she passed. She fully understood the concept of sideways disinheritance, which can affect so many families.

The Outcome

One key element was to consider Lasting Powers of Attorney for both Property and Affairs and Health and Welfare. This was paramount as she had fallen numerously and was still recovering. The option I recommended was for True Bearing Legal Services to provide a Full Legacy Plan to include a new Will, a Trust and both LPA’s.

The Future

Sadly, shortly after this the mother fell again, affecting her confidence. It was decided that she could no longer live independently and she needed full time care. The LPAs came into their own as the sons would now be her Attorney’s, so they were easily able to arrange her finances. They could talk to the financial advisor, ensuring her assets were still working hard.

Additionally, her home was rented out to provide income to help fund her care. Most importantly they were able to discuss with the care home to ensure that her needs and wishes were met.

The Final Outcome

All of this gave the whole family peace of mind that they could continue to do what was right for their Mum at all times. This also ensured that Mum was treated with dignity. Her wishes were both known, and carried out as a result of the Legacy Planning provision that had been implemented with the help of True Bearing Legal Services.

Good Legacy Planning is not just essential - it is priceless.

___________________________________________________________

If you would like to speak to one of the True Bearing Legal Services team in order to discuss any aspect of Legacy Planning then please call us on 01257 260011 or Contact Us. True Bearing Legal Services is not regulated by the Financial Conduct Authority.

 

Enjoyed this? Read more from Amber River True Bearing

Latest news

1

Roundhouse secures approval for new £15m office and industrial scheme in Preston Momentum

Roundhouse secures approval for new £15m office and industrial scheme in Preston

25 Jul 2025

2

Homebuilder's high-performing sales advisers clinch awards Ben Garland and Julia Lorente

Homebuilder's high-performing sales advisers clinch awards

24 Jul 2025

3

Work is set to start on Multiversity project Multiversity Blackpool

Work is set to start on Multiversity project

24 Jul 2025

4

BAE Systems welcomes MOU between Republic of Turkiye and UK for purchase of Typhoon aircraft Typhoon production Warton

BAE Systems welcomes MOU between Republic of Turkiye and UK for purchase of Typhoon aircraft

23 Jul 2025

5

Assystem to double UK jobs to deliver Sizewell C EDF Assystem

Assystem to double UK jobs to deliver Sizewell C

22 Jul 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

Preston Tech Connection: Buzz Word Bingo. Challenging Todays's Buzzwords In Tech
July PTC banner long updated.png.png
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Buzz Word Bingo. Challenging Todays's Buzzwords In Tech

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Advantage: AI – A Workshop for Business Leaders – August 14th
Navy--Event Tile.png.png
LBV Hub Seminars
14 Aug 2025 - 14 Aug 2025

Advantage: AI – A Workshop for Business Leaders – August 14th

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

09:00 - 12:00

The Business Network Central & East Lancashire
LBV Header (24).png.png
LBV Hub Networking
21 Aug 2025 - 21 Aug 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Morecambe Bay Walk
Walk.jpg.jpg
LBV Hub Awards
30 Aug 2025 - 30 Aug 2025

Morecambe Bay Walk

Arnside, CARNFORTH, LA5

09:30 - 14:00

Longridge Soap Box Derby
Screenshot 2025-06-10 090035.png.png
LBV Hub Fundraisers
14 Sep 2025 - 14 Sep 2025

Longridge Soap Box Derby

Berry Lane, Longridge, PR3 3WH

10:00 - 16:30

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

RISE - Lancashire's unique leadership programme for women
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
22 Oct 2025 - 18 Mar 2026

RISE - Lancashire's unique leadership programme for women

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:30 - 15:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV 123 Online Graphic
Subscribe now

Weekly news bulletin