As we get older, many people want to get their affairs in order. Or if you’re involved in a serious accident when you’re young, you might want to make sure you have robust plans in place for the future.
People to put your trust in
The best way to be sure is to start making key decisions now that will put you in the best position later.
Part of this is deciding who you’d be happy entrusting your affairs to – someone who will be best placed and most dependable in making the right decisions on your behalf.
You also need to consider how you can provide for loved ones after your death. It’s not the easiest conversation to have, but talking with proven experts in planning for later life is a great start. Beginning with an informal chat with our specialist team, we’ll suggest different options based on your needs and preferences.
Your options might include:
Lasting powers of attorney
Appointing a close and trusted friend or family member to have lasting powers of attorney means you know the right person will be making decisions on your behalf, and in your best interests when it comes to financial affairs, and health and welfare.
These are also known as ‘living wills’, and have largely been replaced by health and welfare lasting powers of attorney – but the principle is much the same. This option lets you set out limited guidance regarding your future healthcare should you lose mental capacity.
Disabled beneficiary trusts
These provide a tax-efficient way for parents and other relatives of disabled adults or children to make provisions – either during their lifetimes or through their wills – for the support of disabled relatives.
Your wants and needs for later life are unique, so now’s the time to make them clear, and also prepare for the unexpected.
With absolute professionalism, sensitivity and compassion, we provide expert guidance in planning for later life, based on your circumstances. Simply get in touch with us for a no obligation discussion about your plans and options for the future.
Our recent experience includes:
helping clients to prepare and register lasting powers of attorney
assisting clients with the registration of enduring powers of attorney
preparing a disabled beneficiary trust for a client’s child
looking after the financial affairs of people lacking mental capacity – due to brain injuries, severe mental health problems and learning difficulties
assisting with applications to the Court of Protection for approval that a statutory will should be made for someone no longer capable of making one.