In the UK, and across the world, we are living longer. The current ONS life expectancy figures for England and Wales is 79 years (for males) and 83 years for females. For those aged 65 or over, men can expect to live a further 18.6 years and an additional 21 years for women. Alongside that, […]
Long Term Care Planning
Leaving a legacy or looking out for no1? Wills, Trusts and long-term care planning
Paul Hammond writes: The new Scottish Widows Retirement Report for 2024 has just been released. For 20 years this annual report has surveyed people to understand “Their hopes and aspirations (for) retirement, to understand the plans that they have made, and to also understand their actual expectations.” I’ve read every edition of this report with […]
Top 10 Questions About… Long Term Care Planning
Long-term care planning should be front and central in your estate planning, to ensure any future requirements you may have are sufficiently provided for. In the third of our series “Top Questions About…”, we look at long term care planning; what it is, why you need it, and why you should start planning as soon […]
Why long-term care planning is for now, not later
The average life expectancy in the UK keeps on rising. This is good news for anyone born in the 2020s, who can expect to love on average to the age of 87.3 years, and girls to 90.2 years. Anyone aged 65 in the UK can expect to live for another 20 years for men, and […]
Long-term care: why you might need to revise your cost estimates
Long-term care isn’t something many of us think about when we’re first making our will or drawing up our estate plans. However, by retirement age, you need to consider and put into place provision for your long-term care should you require it. The rising cost of long-term care Care home fees have risen dramatically in […]
Looking after No1: gifts, long-term care and inheritance tax
At a time when living costs are rising in ever-steeper graphs, it may be time to review your estate planning and think of the one person you may not have actually included – yourself. It may seem an odd way to look at it, but it’s important that your estate planning looks after you first […]
