Damien Paterson, Managing Director, Paterson Financial Planning will:

Later Life Advice

• Consider how financial priorities change in later life, providing information on the advice areas most commonly associated with clients in retirement
• Dispel myths around long term care fees, the assets taken into consideration for self-funding care costs and the impact on the family home when going into full term care
• Highlight the advantages and disadvantages of lifetime mortgages, when they might be suitable and how they can be complementary to financial plans

 
Pensions

• Examine your pension options, whether you are planning for, or are already in, retirement
• Explore different retirement income solutions

 
Investment

• Market update and outlook
• Investigate solutions to safeguard your money from inflation / low interest rate

Ross Brown, Partner, BTO’s Wills, Estates & Succession Planning team will:

Later life advice

• Discuss the importance of making sure you have a Power of Attorney in place which is fit for purpose
• Consider whether you should think about putting a Lifetime Will / Advanced Directive in place
• Highlight the pros and cons of giving away your home to your children or to a Trust for care home planning purposes

 
Wills and succession

• Discuss the importance of making sure your Will is up to date and continues to reflect your wishes
• Consider how your Will can be used for asset protection and care home planning purposes
• Explore how you can use your Will for tax planning purposes

 
Tax planning

• Provide an overview of the Inheritance Tax rules and recent changes to the law
• Examine the exemptions which may be available to you and the action you can take during lifetime to mitigate the tax bill