Everyone, regardless of age, should have a Lasting Power of Attorney for Property & Financial Affairs (unless you already have a valid and adequate Enduring Power of Attorney) and for Health & Welfare.
If you’re born between around 1961 and 1981 and are worried about your future retirement plan, you are most likely part of the Uncertain Generation (or U-Gen).
Sandwiched between the better known Baby Boomers and the younger Millennials, you’ll most likely be facing a great deal of uncertainty, with regards to your retirement fund, and may include some complex financial needs.
The 2014 Budget proposed some major changes to the way in which people can access their pension savings, but what does that mean for you?
I liken the whole process to satellite navigation in the car – I work out where someone is now, where they want to go, plot a course and then keep them on that course, avoiding the financial obstacles en route.
Elsewhere I have discussed Asset Protection Trusts, Wills and other means of sheltering assets so that an individual becomes eligible for Council help with care costs, but will that help actually be forthcoming?
One of the factors I have discussed in each of these blogs is Deliberate Deprivation and, if the Council can prove that this has occurred, then help with care costs may not be forthcoming. However, there are other factors that need to be taken into account, which are the Social Care Eligibility Criteria.