Legal Advice for Elderly Client Issues
Our elderly clients can be faced with the same legal issues as everyone else but they also have some specific concerns. As we grow older, issues such as how an estate is divided among loved ones and what processes need to be put in place for future care all become important.
At Forster Dean, we provide the legal counsel our elderly clients are looking for – that’s no nonsense advice you can easily understand and act upon.
Some of the areas we can help you with include:
Inheritance Tax Planning
If you have a large estate and want to leave your loved ones as much as possible while reducing the final tax burden on your estate, then we can advise on the legal aspects of inheritance tax planning. You can, for example, give unconditional gifts to friends and family that can be enjoyed right now rather than waiting until you pass away.
This is another area that needs a good deal of thought and working with a professional solicitor who knows what they are talking about is vital. Estate planning helps you preserve as much of your wealth and assets for your dependents and can include everything from choosing the right financial products to invest in to giving gifts and creating trusts for when you are no longer here.
Wills and Powers of Attorney
There’s no doubt that we should all leave a will. Even if you only have a small estate and few assets, it is worth making the effort to get a professional will written. Without it, your loved ones can find themselves spending time and money to sort out your estate once you pass away.
It’s not just planning for when you are no longer here, that Forster Dean can help either. We’re also experts in Power of Attorney. These are legal documents which can be used to help manage your estate and your care should you no longer be able to do so. For example, if you develop a condition such as dementia in your later years, you can nominate a family member to act for you. You can specify what care or help you want to receive and who is going to deliver it.
Care planning is another area that needs to be considered. Most of us don’t really want to look forward to the day when we need help with daily living. With many of us living much longer, however, it’s something that we all need to think about. At Forster Dean, we can help you explore your options when it comes to future care planning, including how to manage the any potential residential fees.
There may be a variety of other reasons why you require the services of a good legal team. It can be daunting visiting a solicitor for the first time. The good news is that, at Forster Dean, we’re a friendly group of fully qualified solicitors and we will quickly put you at ease. You won’t be pressured into doing one thing or another but we’ll give you the clear advice and guidance you are looking for.
If you need advice right now, contact our team today.