Care fees, estate planning, investment and equity release

Financial Planning for clients in later life is a specialist field requiring knowledge in the following areas:

• Care Fees Planning: obtaining financial assistance from the State where possible and protecting entitlement to it, protecting assets against means assessment where possible, arranging assets to meet care fees, use of care fees insurance and immediate care annuities where appropriate and making optimum use of tax allowances.
• Estate Planning: arranging a client’s affairs so that their estate passes to their chosen beneficiaries in a tax and cost efficient way, without compromising financial security during their lifetime.
• Inheritance Tax Mitigation: achieving this objective whilst retaining sufficient assets to ensure a client’s own financial security can be difficult. We utilise a wide range of trust and investment based approaches which are designed to meet both aims.
• Investment: generally investment in later life is geared towards capital preservation rather than capital growth, often there is a need to generate or increase income and optimise tax and cost efficiency.
• Equity Release and Home Reversion Plans: are not always appropriate but can assist in increasing income or raising a capital sum in a relatively tax and cost efficient way, enabling clients to enjoy later life.