MAINTAINING CONTROL IN RETIREMENT
by Kathryn Harwood Partner, Napthens
Preparing for retirement can be exciting, looking forward to how to spend the leisure time ahead.
However, it is also a time when the reality of getting older becomes undeniable and is a good time to prepare for those years when you might become dependent on others.
Some worry that making Lasting Powers of Attorney (LPA) is in some way surrendering control, yet the ethos behind the LPA is very much one of empowerment.
Making a financial LPA, appointing people you choose, possibly with instructions and guidance as to how you would like them to manage your financial affairs, means that everything can be managed properly in accordance with your wishes as soon as help is needed.
In the absence of an LPA, an application to the Court of
Protection for a deputyship order is required, which may take months to complete.
Less well known is the health and welfare LPA, which, in these increasingly litigious times is becoming more important.
The term “next of kin” has no legal status, but appointing those you trust most under a health and welfare LPA gives them full legal authority in relation to all decisions concerning your care and wellbeing. Guidance can be given from matters as mundane as diet and personal grooming right through to end of life care.
If you want to ensure you live life as you would have wished, even if you become dependent upon others to do so, then making a LPA at a time when you are able to make a fully considered decision is a must.
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napthens.co.uk
When it’s time to plan the future Let’s plan it together
None of us know what will happen next. So it’s important to make plans. Whether you’re arranging a will, setting up a power of attorney or dealing with inheritance tax and wealth management plans, you need expert help – so let’s do it together.
Email
together@napthens.co.uk or call 0345 671 0276
CAREFUL PLANNING FOR A DREAM RETIREMENT by Angela Maher
Managing director, Acumen
Retirement needs careful planning if you are going to make the most of it. You worked hard for it to get to this point, it deserves as much care and attention as your work life did.
At Acumen Financial Partnership, our specialist advisers have more than 150 years of experience in dealing with retirement planning and it’s never a case of ‘one size fits all’.
We offer a step-by-step approach resulting in a strategy that can change and evolve as retirement unfolds. None of us knows what life has in store for us: emergencies and opportunities – we need to prepare for both.
Starting with a really detailed ‘discovery meeting’ (allowing us to find out as much as we can about you and the retirement you dream of and what keeps you awake at night) we build the foundations of your Retirement Plan.
Central to this is the tailored cashflow planning which allows us to demonstrate how we create a sustainable income ensuring those essential bills are paid and also incorporating high quality investments designed to grow and beat inflation.
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The result is a Retirement Plan that really works and which has been built around each client’s own goals and needs. It brings the confidence that there is protection not just against overspending and running out of funds, but also of missing out on life experiences through being over cautious.
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Securing your Financial Future Contact our team to get clear and
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Acumen’s Retirement Planning service is backed up by regular reviews which allow us to make sure that all our clients’ plans stay on track as time goes on and that retirement really does live up to expectations.
Give us a call to arrange a free, no- obligation meeting to find out more.
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0151 520 4353
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Care Planning Long Term
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RETIREMENT PLANNING
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