Family & Later Life

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