Planning for the future isn’t something that should stop once you reach retirement age. In fact, this is a time in your life where it’s possibly more important than ever. You need to ensure that your wishes for your finances, health care and property are crystal clear and legally recorded so that should anything happen to you there can be no confusion or inaccuracy in the execution of your decisions.
Matters that should be at least considered can include end of life care choices, appointing guardianship if you have responsibility for a minor or vulnerable adult, distribution of wealth and assets via inheritance or a trust fund, and allocating responsibility to a third party to make decisions on your behalf should your capacity to do so independently be diminished.
At Morlings our team of wills, trusts and probate lawyers are on hand to help you plan for later life. They offer a range of elderly client services, including:
- the creation of a power of attorney appointing someone you know and trust to manage your personal affairs if you lose the ability to manage them yourself;
- the creation of a business power of attorney appointing someone to manage your business affairs;
- the creation of an advanced decision confirming whether you would like life sustaining treatment if you become very unwell;
- a plan to cover the payment of care home fees and to fund other long-term care costs;
- a plan to enable you to pass on money to your loved one’s while you are still alive, paying no more tax than is necessary and without affecting your own standard of living;
- the creation of a will to ensure your money and property goes to those you choose to receive them;
- the creation of a trust to protect the inheritance of vulnerable beneficiaries;
- tax planning to ensure you take advantage of any available exemptions and reliefs, particularly for inheritance tax; and
- general wealth protection advice to ensure you and your family hold on to as much of your hard-earned money and property as possible.
We can also help your family apply to the Court of Protection for permission to deal with your affairs if you are too ill to make a lasting power of attorney and to apply to the Probate Registry after you have died for permission to administer your estate.
Advising families throughout Maidstone, Kent and beyond
We can also offer meetings at your home, in hospital or in a care facility, and in exceptional circumstances a telephone appointment can be arranged via skype.
An initial appointment to discuss your requirements can be arranged from £150 plus VAT. After that we can agree funding arrangements to suit your budget.