The UK's average life expectancy is increasing and thanks to modern medicine, nutrition and healthier lifestyles we are now living longer than ever before. While the prospect of living longer is what most people wish for, it has to be recognised that there are a number of financial and legal implications that go with it.
With the continuing social care budget cuts and the growth of the ageing population, planning for later life has never been more important – because the 'risk' of living longer, but in poorer health, has become greater. We are all likely to need some type of care in our final years, so it's important to build a financial strategy to ensure your future care and well-being is catered for.
On Wednesday 29th May, Clapham & Collinge Solicitors and SG Wealth Management held a free lunchtime seminar on 'Essential Later Life and Care Planning' which explored a range of legal and financial measures you can take to make provisions for care in later life, providing you with peace of mind at a time when it's needed most.
During the seminar John Griffin, Solla Accredited Wealth Manager at SG Wealth Management discussed funding options for long term care, care fees planning and safeguarding capital. Private Client Solicitor Lauren Abbs highlighted a range of legal measures to make provisions for later life including the importance of making a Will, Lasting Powers of Attorneys and Trusts.
''Good to have a session that covered off most common concerns regarding later life financial planning. I really appreciate that Clapham & Collinge and SG Wealth Management set up sessions like these – Thank you!''
''The format worked well and the content was well presented. Useful for clarification and reminding of importance.''
''This is a useful reminder that we should review the arrangements we have in place from time to time.''
For more information on the legal services we offer or to book your appointment please contact our Client Relations Team today on 01603 693500 or email us using the 'Make an enquiry' form. Appointments available at our Norwich, North Walsham, and Sheringham offices.
*This article is provided for general information purposes only and does not constitute legal advice or other professional advice.