There are a wide range of issues depending on your personal circumstances, for example whether you own your own business, whether you have any financial dependents, and so on?
Generally speaking everyone should do the following:
– Ensure that they have an up to date Will;
– Put Lasting Powers of Attorney both for Health & Welfare and for Property & Financial Affairs in place;
– Take advice on measures to reduce potential inheritance tax liabilities; and
– Review their pension arrangements.
Please contact us to arrange an appointment to meet with one of our lawyers to discuss your retirement plans in detail. We will be able to guide you on the areas that need to be considered and where necessary work with other your other professional advisers to ensure that your needs are met.