Prime Wills and Trusts
NE8, Gateshead
NE8, Gateshead
We are a local company who have served the needs of our clients for many years. We have staff with over 40 years experience in dealing with individual estates and Inheritance issues , and in this time we have built the foundations to completely understand local and national concerns and deliver solutions in a jargon free way.
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What do you love most about your job?
making the initial contact with potential clients, listening and understanding their issues and concerns and then providing them with affordable solutions. I always look to leave clients in a stronger clear position.
What inspired you to start your own business?
Having had many years experience in Financial Services I began to understand the importance of holistic financial planning and how an individual can make important plans that will dramatically improve the lives of the family members left behind. Wills and Trusts provide that bridge and a full stop to financial planning
Why should our clients choose you?
I have had many years experience in dealing with clients needs from both sides of the fence, from the foundation of financial services and now coupled together with Estate planning Prime can offer clear assistance and advice to create tangible solutions no matter what the individuals situation. Our office is in central Gateshead but we also hold client consultations in the comfort of your own home.
Can you provide your services online or remotely? If so, please add details.
We provide an office/home based service, however throughout the Covid Pandemic we have been able to utilise a fully coherent consultations over various platforms including Video and or telephone calls backed up the use of email
What changes have you made to keep your customers safe from Covid-19?
as above we have fully adopted a zero physical interaction service by using the platforms as detailed above
Last Will and Testament
A Last Will and Testament or Will for short is a document that takes into consideration the wishes of the individual in regards to what happens to their estate (belongings, property, chattels and money...) in the event of their death.
Protected Property Trusts
This type of Trust is an effective way of ringfencing individual shares of the family home, this can be protected against potential attack from the local authority in the event of support being needed to to safeguard the long term needs and care of the individual.
Lifetime Trusts
A lifetime trust is the most effective way of protecting the property by removing it from the individuals estate. The trust property (Home) is held by the trust and its trustees, they protect the property for the owners enjoyment and also securing the long term inheritance for their family.
Lasting Powers Of Attorney (LPA)
There are two particular types of LPA's
# Property and Financial Affairs
# Health and Welfare
In short these documents which are drawn up by the individual, pass the legal responsibility to there chosen Attorney's (often family members) to act as them. This type of service comes into its own especially when the individual loses their ability to make decisions for themselves (ie loss of their mental capacity) or their mobility is greatly impaired, thus having a registered LPA makes day to day living more palatable.
Pre Paid Funeral Plans
These products have really taken off in the last 10 years or so, they provide peace of mind that the costs of their own funeral is covered and capped against future funeral price rises. Possibly more important than securing the funds to pay for the service, is the details and arrangements for the day itself, remembering the more details that you record will leave less issues and unanswerable wishes behind for the family to deal with.
Life Insurance Policy Trusts
This is often an overlooked part of practical estate planning, by placing existing or new personal life insurance plans into a suitable trust. This means that the proceeds of the life insurance policy are paid out to the right person(s), at the right time without delay of probate and without any payment of inheritance tax guaranteed.
