Later Life Planning.

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Later Life Planning in Exeter, Cullompton, and Tiverton. 

Planning for later life is essential to ensure that your wishes are respected and your future is secure. I provide Later Life Planning Services in Exeter, Cullompton, Tiverton, and across Devon, helping you prepare for the complexities and challenges that may arise as you grow older. With the right planning, you’ll have peace of mind and clarity for yourself and your loved ones.

Why Later Life Planning Matters

Later life planning involves making arrangements and decisions that affect your well-being and your financial security as you age, as well as protecting your legacy. With a well-structured plan, you can:

  • Ensure Your Wishes Are Respected: Make decisions about your care and finances that reflect your preferences and values.
  • Protect Your Assets: Plan for the management and protection of your assets, ensuring they’re used in accordance with your wishes.
  • Minimise Legal and Financial Difficulties: Address potential issues before they arise, reducing the risk of disputes and complications.
  • Provide for Your Loved Ones: Make sure your family and dependents are cared for and your estate is managed according to your intentions.

My Later Life Planning Services

Lasting Powers of Attorney (LPA)

Establishing Lasting Powers of Attorney is crucial to ensure that your financial and health decisions are managed by someone you trust if you become unable to make them yourself. I’ll guide you through drafting and registering LPAs, helping you appoint the right attorneys and define your preferences clearly.

Advanced Care Directives

An advanced care directive lets you specify your medical treatment preferences in advance, ensuring that your healthcare choices are respected if you can’t make decisions for yourself. I’ll help you create clear, legally binding directives that reflect your personal values and preferences.

Estate Planning and Management

Effective estate planning is key to protecting your assets and organising your affairs. I provide comprehensive estate planning services, including creating Wills, setting up trusts, and planning for inheritance tax, so your estate is managed and distributed according to your wishes.

Care Fees Planning

Planning for potential care fees and funding is a crucial part of later life planning. I offer guidance on the options available for funding care, means testing, and strategies for managing care home costs, ensuring your assets are protected while meeting your care needs.

Why Choose Me for Your Later Life Planning?

Personalised Approach

I understand that every individual’s later life planning needs are unique. I tailor my services to your specific circumstances and preferences, ensuring that your plan reflects your personal goals and wishes.

Expertise and Compassion

With extensive experience in later life planning, I provide expert advice with empathy and understanding. I’m committed to supporting you through every step of the process, offering guidance with professionalism and care.

Holistic Support

I take a holistic approach to later life planning, addressing not only the legal and financial aspects but also your personal preferences and care needs. My goal is to provide comprehensive support that covers all aspects of your later life planning.

Clear and Transparent Service

I believe in offering clear and transparent services, ensuring that you understand every aspect of your plan and can make informed decisions. You’ll always know what to expect, with no hidden fees or surprises.

Get In Touch

Planning for later life is an important step in ensuring your future is secure and your wishes are respected. Contact me today to discuss how my Later Life Planning Services can help you achieve peace of mind and prepare for the future.

To make a free, no obligation enquiry today please call me, Damian Gorman, on 01884 216106 or send a free online enquiry and I’ll call you back as soon as possible.

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Powers of Attorney in Devon

FAQs about Later Life Planning.

Later life planning involves preparing for the legal, financial, and personal aspects of aging. This includes creating documents such as Wills and Lasting Powers of Attorney, planning for healthcare and care home costs, and managing your estate to ensure your wishes are met as you grow older.

A Lasting Power of Attorney allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so yourself. It covers decisions about your finances and property, as well as your health and welfare, ensuring that your preferences are respected.

An LPA for Property and Financial Affairs allows your attorney to manage your financial matters, such as paying bills and managing investments. An LPA for Health and Welfare allows your attorney to make decisions about your healthcare, including medical treatment and care arrangements, based on your preferences.

If you don’t make a Lasting Power of Attorney it can make life very difficult for your loved ones if you have an accident or illness or if you lose capacity.

Without a Power of Attorney, if you become incapacitated, decisions about your finances and healthcare will most likely be made by a court-appointed representative, which can be a lengthy and costly process. Having an LPA ensures that your wishes are respected and decisions are made by someone you trust.

An advanced care directive, also known as a living will, lets you specify your preferences for medical treatment in advance. We can help you draft an advanced care directive that clearly outlines your wishes regarding your healthcare and ensures they are legally recognised.

Your estate plan should include a Will, a Lasting Power of Attorney, and possibly trusts to manage and protect your assets. It should also address your preferences for healthcare and care home arrangements, ensuring that all aspects of your later life are covered.

Planning for care home funding involves understanding the costs of care, exploring funding options, and managing your finances to cover these costs. We offer guidance on how to prepare for care home fees and can introduce you to a financial planner – or work with your own existing financial planner – who will advise you on implementing financial planning strategies.

A Will is a crucial part of later life planning as it dictates how your estate will be distributed after your death. It ensures that your assets are passed on according to your wishes and helps prevent disputes among family members.

It’s important to review your later life plan regularly, particularly when there are significant changes in your life, such as changes in health, family circumstances, or financial situation. Regular reviews ensure that your plan remains current and reflective of your wishes.

Yes, you can make changes to your Lasting Power of Attorney or advanced care directive as your circumstances or preferences change. We can assist you in updating these documents to ensure they continue to meet your needs.

Gorman Legal offers comprehensive later life planning services, including the creation of Wills, Lasting Powers of Attorney, advanced care directives, and advice on estate planning and care home funding. We provide personalised guidance to help you prepare for the future with confidence and peace of mind.

Make a free enquiry today

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