Planning for Later Life

A frequent concern of clients is what steps can be taken to provide for their, and their family`s welfare and protection during later years.

Planning for later life involves a variety of advice and I work closely with other professionals, including financial advisors and accountants, with the aim of providing clients “peace of mind”.

Central to planning is a carefully prepared bespoke Will.  This may be relatively straight forward, or more detailed, such as protecting assets (especially the home) from care fees.

Lasting Powers of Attorney (LPAs), financial and health, are also crucial for later life planning, where clients appoint the people they trust to manage their affairs for them, should that become necessary.

Later life planning is not, however, just about Wills and LPAs.  It can include other planning, such as for inheritance tax and funding for later years and possible care, which often involves a combination of specialist professional advisors.

If you would like to find out more, please join myself and Peter Ginger (local independent financial advisor) at Wendover Library on Monday 23rd March from 16:30 – 18:00 for our FREE talk on Later Life Planning.

Iain Wanstall, Consultant at Wanstall Consulting, Wills and Estate Planning