Why Use a Later Life Specialist?

In our opinion, the most distinctive reason to use a Later Life Specialist is to dispel common myths about what you need to put in place in preparation for old age, and how to do it. Scottsdale MoneyWISE has one of the UK’s few Later Life Specialists who is also a Chartered Financial Planner.

Realistically planning for your well-being and aspirations

Our Later Life Specialist has a strong working knowledge of the benefits system – there’s so much available that you could easily miss. He has a long track record of demonstrating a deep understanding of how to efficiently, but effectively, arrange your finances so that:

  1. You don’t run out of money in your later years.
  2. Your assets are preserved as much as possible.
  3.  You can afford to fund care requirements while mitigating the risk of forfeiting parts of your estate.
  4. If you need care, you could live in an environment of your choice.
  5. Every transaction involved in provisioning later life services is tax-efficient.You can preserve as much as possible to pass on to your loved ones.

Maintaining your financial freedom

On average, three out of four people who go into care homes live for less than two years. We help you carefully balance your plan to reflect likelihoods as well as worst-case scenarios.

Every area of later life planning needs specialist knowledge to ensure you’re not drawn into a sales-led vortex of arrangements that you can’t escape from – and that you receive the government benefits you’re entitled to.

We work with you to organise your affairs to ensure that the right funds are available at the right times throughout your life.

Involving loved ones

Later life planning needn’t stay in the ‘too difficult’ box. Our knowledge will help to bring you more clarity about what you can realistically achieve. We encourage you to involve your family so they are aware of, and understand the intentions behind your arrangements, to avoid any panic if you ever need care or extra help.

You should also carefully consider arranging lasting Powers of Attorney before you need care. When it comes to health and wealth, people often don’t realise that lasting Powers of Attorney cover daily transactions as well as larger matters.

Our Later Life Specialist will unlock the door to peace of mind for you and your family.

If you’d like to discuss this service, or know you need to create or refine financial plans for later life, please contact us.

The Financial Conduct Authority does not regulate on Estate Planning or advice relating to Power of Attorney.

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