NORWICH FINANCIAL ADVICE

PENSION ADVICE and RETIREMENT PLANNING

 

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   Later Life Issues - OVERVIEW


 

 

For further details of NFA's Long Term Care advice please visit our dedicated Website

Click Here ►►

 

 

'I don't want to be a burden to anyone and just want to help my children towards a good future once I am gone...'

      

         Three very important issues that you need to consider and

                   decide upon as part of your Later Life Planning:

 

Estate Planning - Inheritance TAX

Long Term Care provisions

Powers of Attorney

 

NOTE: Will Writing, Estate Planning, Tax Planning is not regulated by the Financial Conduct Authority

 

Wills, Inheritance TAX and Estate Planning

Even if the estate which is left upon death is relatively modest it is of significant importance that a valid Will is in place. Without a will, your heirs may encounter much hassle and expense in obtaining probate. Estate planning is also essential where larger estates are in question or where there are issues of e.g. care fees, off-spring from previous marriages etc, relating to a surviving spouse.

 

Provisions for Long Term Care

 

Long Term Care planning

Paying for Long Term Care, either in a Care home or in your own home, can be fiendishly expensive and can decimate even quite large pension pots in a relatively short time. Although some funding may be available from the local council the rules can be quite complex. There are a number of alternative ways to mitigate this situation but specialist advice is essential. Visit Senior Care Plans for details ►►

 

Lasting Power(s) of Attorney

 

A Lasting Power of Attorney is a legal document that lets you appoint someone to make decisions about your welfare, money or property on your behlaf. It can take up to nine weeks to register a Lasting Power of Attorney. Without one, no-one can act on your behalf in case you at some stage lack mental capacity to act on your own behalf. In other words, without one, you could leave those closest to you without any power to act at a time where action if often most needed!

 

         For important further information on Powers of Attorney Click here ►►

VISIT the  dedicated NFA Inheritance TAX Website

 

 

CLICK HERE!

 

 

NFA has significant experience in advising on

issues relating to Inheritance Tax issues and Estate

Planning and can also advice you on issues

relating to IHT-efficient Investment Planning.

 

         For contact details click here ►►►

 

 

NFA has a dedicated Long Term Care adviser

available who, in addition to the mandatory

IFA-qualifications, also holds the Chartered

Insurance Institute (CII) Certificate in Life and

Pension advice, CertCII(life and pension) and

its specialist Award in Long Term Care

advice (CF8-qualification).

   

 

Without a valid LPA in place, the only available option may well be to Apply to the Court of Protection.

            

            Court of 

      Protection

 

 

 
 
 

    Specialist Advice Areas


     Regulatory and Legal updates

    LONG TERM CARE -  

  BE PREPARED...

Long Term Care is an issue that most of us would rather not think about. But should you, or your loved ones, need it later it can be VERY expensive if you have not prepared.

      Read More...

WHAT WILL I GET

FROM THE STATE?

Although you may be entitled to a full or partial State Pension it is important that you also get to know what other benefits and support you may be entitled to in your later years.  Read More...►

WHAT ARE POWERS OF ATTORNEY?

Not very many people are aware of what Powers of Attorney really are or How they Work? You need to know that they In many cases can be of critical importance in a difficult situation.  Read More...►

 

 PENSION CHANGES 2014

 
 

New rules allow increased flexibility for pension drawdown arrangements. But there are important aspects which need consideration.

   

   Read More...►

 

 PENSION CHANGES 2014

 
 

Is Income Drawdown a ticking time bomb?

Law changes and low Gilt yields can have a large impact on drawdown Portfolios.

   

   Read More...►

 

You are always Welcome

to contact NFA for a free discussion

of your Later Life arrangements

 

Phone: 01603 452686

 

 

e-mail: info@norwichpensions.co.uk

 
     

 

 

 

 

 

Norwich Financial Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No. 706645

Norwich Financial Advice Ltd. is registered in England and Wales; Company No. 8533929.  

Registered office: 74 Muriel Road, Norwich NR2 3NZ, Norfolk, England.