Planning for Family & Later Life

Ensuring an enjoyable and stress free later life is a very important thing, therefore preparing for this is an essential step to take. Estate Planning is not just about passing on your assets when you pass away, but it is also about ensuring you enjoy your life for the now and have enough to live on in your later years. Looking at your later life and building a cash flow forecast together we can look ahead towards your later years to safeguard your interests and your legacy for the future generation in your family.

Tips for making a start to planning those later life years:

  • Assets
  • Will
  • Lasting Power of Attorney
  • Letter of Wishes
  • Organise Documents
  • Inheritance Tax

In those mid-life years financial planning is essential to make sure you are not making lifestyle compromises later in life, no one can predict what will happen in the future but thinking about every eventuality including the possibility of health care will certainly bring peace of mind knowing that you will be cared for in those later years should you need it, but also peace of mind that you can live your life for the now and lessen those worries about your future. It is about finding the right balance. Here are Hartcliff’s tips for making a start to planning those later life years as much as you can:

  • Write down your assets (property, savings, valuables)
  • Arrange for your Will to be written or rewritten if it needs readdressing, you should revisit your
    Will from time to time
  • Prepare a comprehensive letter of wishes
  • Lasting Power of Attorney – someone to look after your affairs should you become unable to
  • Organise your financial details and life information (maybe involve a close family member)
  • Get advice about passing on some of your assets to the next generation by reducing your
    potential Inheritance Tax

Your Will – Hartcliff can recommend a specialist will writer to guide you through the process and to give you peace of mind so that your concerns are addresses in a sympathetic, professional and legal manner.

Here at Hartcliff we can prepare a cash flow forecast with you which is tailored to suit your needs and to cover the worries that you may have for your future should any eventuality arise. We cannot predict what lies ahead, but we can take a look at various options to cover those possible eventualities. This plan can help you to understand how much you have should you need care, either at home or in residential care, how much your Inheritance Tax liabilities could be and how you could protect your legacy for the future generation in the family.

It isn’t just for retired people and it isn’t just for the wealthy, it is a sensible option for anyone who has modest assets, talk about it now so that your family does not have to pick up the jigsaw puzzle of pieces when you are no longer there.

ENSURE YOUR PEACE OF MIND, IT ALL STARTS WITH A CONVERSATION IF YOU FEEL YOU REQUIRE SOME ADDITIONAL GUIDANCE AT THIS STAGE. AT HARTCLIFF WE ARE MORE THAN HAPPY TO PROVIDE AN INITIAL TELEPHONE CONVERSATION AT OUR COST (APPROX 30MINS) TO HELP YOU TO CONSIDER YOUR OPTIONS AND YOUR NEXT STEP FORWARD.

Call us on 01226 446 135 or Email:admin@hartcliff.com

Investments carry risk. The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. The Financial Conduct Authority does not regulate Estate Planning

Take a deep breath, it all starts with a conversation

If you feel you require some additional guidance at this stage, at Hartcliff we are more than happy to provide an initial telephone conversation at our cost (approx 30mins) to help you to consider your options and your next step forward.

Call us on 01226 446 135 or Email: admin@hartcliff.com

Hartcliff have links with other professionals including solicitors who will also offer a 30 minute telephone consultation at no cost.

Disclaimer

Hartcliff is a trading name of Hartcliff Limited, which is a limited company registered in England & Wales
No. 09321837 Registered Office: Marland House, 13 Huddersfield Road, Barnsley, S70 2LW

Hartcliff Limited is an appointed representative of Sense Network Limited, which is authorised and regulated by the Financial Conduct Authority

The information contained within this website is subject to the UK regulatory regime and therefore targeted at consumers in the UK.

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