Later Life Planning

Where do you want to live as you grow older? More importantly, how do you want to live?
While these may sound like fairly ‘innocent’ and simple questions, the implications can be huge. Once you take retirement, you will no longer be bound to an office or have to do things first thing in the morning – the world will be your oyster soon enough!
However, your family might argue that you need to “take it easy” or just stay put. But what if property values in your area are high right now where you could potentially free up quite a bit of money by purchasing a similar or, perhaps, larger home in a slightly cheaper area?
You could, of course, take your family’s advice and stay put, in which case you may be able to free up some of your home’s value by renting out rooms. The choice is, naturally, yours to make but a legal or financial advisor specialising in later life planning will help you carefully consider each and every option, to help you benefit the most.

Will You Require Extra Care Later On In Life?

When people think about long-term care, it often conjures up unpleasant visions – but the thing is, it is a very broad area, and how well you live later on in life starts with how well you plan today. For example, depending on your current planning, you may be living in a beautiful warden-assisted bungalow, or a home with regular visits or even a permanent retirement home where your medical costs keep piling up. Work with a legal advisor to plan your financial needs today, and you can bet your golden years will be comfortable, fulfilling and relatively care-free, especially for your family. Our financial advisor specialising in later life planning will help you come up with the best solution – whether that’s a guaranteed sum which can rise with increasing care costs (immediate needs care annuity) or the local authority assisting you with care costs.

Estate Planning

Estate Planning is also a crucial aspect of later life planning. Most everyday financial experts call Inheritance Tax (IHT) ‘Voluntary’ Tax, yet it’s surprising how many people still end up paying it. It should be noted that any IHT fees must be paid within six months after you die – if your assets are still tied up in property, your family will not have enough time to release them. If you talk to one of our financial advisors, they can help you reduce the value of your estate gradually, particularly over the later years of your life. You could also give away large amounts of gifts and even set up insurance to clear any IHT liability you may have right away. All in all, it pays to talk to a financial advisor specialising in later life planning as you would want to start making your estate more tax-efficient sooner rather than later. Even more important is the fact that your Will must be written professionally and updated to reflect everything in your later life planning.

Paying For Your Funeral

We must all pass on, it’s an inevitable phase of life. And when the time comes, you definitely don’t want your family scrabbling around trying to put together money to pay for your funeral. You don’t know what their circumstances may be at the time of your death, and ultimately, your costs may come out of your estate, which means your family and loved ones may not get everything they are entitled to. A smart thing to do today is to pre pay your funeral costs through specific schemes, although you can also set aside a fund to cover such costs, so that leaves your family one less thing to worry about. After all, you’d want to make it easy for them at a time like that. Complete Peace of Mind helps you cover all bases when it comes to enjoying your retirement. Our later life planning financial advisors will help you enjoy your later years, keeping you and your family care-free. Take care of your business today, live a comfortable and relatively care-free life in your golden years and keep your family stress-free after your demise.

Protecting Yourself And Your Loved Ones Starts With Three Simple Steps:

Contact Us

Speak to one of our friendly consultants on 01978 809551 or submit your details online. We can either visit you at a time and day you find convenient, or help you complete the process entirely online if you wish.

We Listen

At our appointment, we pay close attention to your wishes and lay out all the options for you. We do not use any legal jargon and stick to plain English to help you understand what the Will writing process involves. Depending on your individual circumstances, we may discuss other family estate planning services as well, such as Power of Attorney, Living Trusts, LPAs (Lasting Power of Attorney), etc.

Document Submission

Our in-house team drafts your Will and sends it to you for approval. We’ll also include clear and transparent guidelines on signing and witnessing.

Why Choose Complete Peace Of Mind For Will Writing?

We Are Professional

Our team prepares a legal binding Will, drafted as per your needs and wishes.

We Are Approachable

We guide you through the entire Will writing process, making it as easy as it can possibly be.

We Are Experienced

We have helped families for over 25 years protect what they treasure the most.

We Are Affordable

A professional Will writing service is affordable. Our fees are transparent, and we offer extraordinary value from day one.

Free Consultation

01978 809551

The Stables
Brynkinalt Business Centre
Chirk, LL14 5NS

Email info@completepeaceofmind.co.uk