Strategies for Older Age
Strategies for Older Age
Many people are now living much longer lives than ever before due to advances in healthcare, diet and our general standard of living.
Some of the Questions We Can Help Address
We can help answer any questions you may have in relation to strategies for older age. Questions such as:
How can I best fund my own long-term care?
How do I structure my estate so that I minimise my inheritance tax liability?
Should I release equity in my home or downsize to fund my older age?
How do I help a family member pay for their long-term care needs?
How long should I expect to live and will I have sufficient money to last into my latter years?
Should I take out a funeral plan or what other options do I have to pay for my funeral?
Should I update my will?
What kind of state benefits might I be entitled to to help fund care in my older age?
How can I ensure I am not a burden on my family in my older age?
How do I gift money to younger members of my family?
Should I be investing now to pay for my future long-term care needs?
Should I set up a 'Power of Attorney'?
How would you cope if you needed long-term care?
Many people worry about becoming a burden on their family in their old age. We can help you put plans in place to ensure you are taken care of with the best care provided to you.
Did you know… 8% of men and 14% of women aged 65 today are projected to celebrate their 100th birthday
Source: ONS Historic and Projected Mortality Data 2012.
Older Age Services
Long-term Care Insurance
State Care Provision
Power of Attorney
Inheritance Tax Planning
Funeral Plans (Coming soon)
The Key Benefits
Our strategies for older age will allow you to enjoy your latter years knowing that your financial affairs are completely in hand and under control. Here are just a few of the main benefits you will enjoy:
Know you have a great financial plan in place for your older age
Know how you will pay for long-term care should you ever need it
Get the best deal if you need to release equity from your home
Ensure you get the maximum entitlement to any care funding state benefits
Ensure financial documents are in order following a death
Minimise the Inheritance Tax your family will have to pay when you die
Ensure you are never a financial burden on your family
When you die, ensure your estate goes to the people you want
Pay for your own funeral so it's not left to your relatives
Reduce the worry about paying for your latter years and enjoy life
“ NorthStar were very helpful in guiding us through the auto enrolment process. I wouldn’t hesitate to recommend them. ”
Antony Scott | NorthStar Client