Later Life Planning

The good news is that may of us are living longer, as a result of enhancements in medical care and healthier lifestyles. This does introduce financial implications which must be considered, to fund possible care fees needed for living longer, without eroding all the assets you’ve built over a lifetime.

Look forward to later years

The cost of residential care, should it be required, is one consideration when planning for later life. A recent report by Laing and Buisson advised the average residential care costs have reached £33,852 per year. This figure increases if nursing care is also required.

Care fees can exceed £40,000 each year for an individual*, and twice this for a couple. It’s not surprising these care fees can quickly reduce what you may have planned to leave to your loved ones. *Laing & Buisson Care of Older People UK report, 2022.

By discussing your later life planning needs, we can help you plan your exposure to IHT, safely providing monetary gifts for your family, while also enabling you to secure an income to cover any long-term care costs required. We want you to look forward to your later years, with security and confidence.

Committed to your objectives

At Cooper Associates Wealth Management we have helped thousands of people like you, providing the right advice and implementing a careful estate planning strategy. With later life planning, it may be possible to fund care for as long as it’s needed, while safeguarding as much of your wealth as possible. There are many options, such as care fee plans, to help.

We have financial consultants who are accredited by the society of later life advisers (SOLLA) who are experienced in delivering long term care advice, delivering bespoke planning solutions to families.

We offer a service that is personal to you, delivering bespoke advice. Please contact us to discuss the options available.

Book an appointment

Our expert advice is free, simple and tailored to you. Why not book an appointment?

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Julia and I are very happy to recommend Cooper Associates Wealth Management as we are both enjoying our retirement with financial security thanks to their sound advice.

Mr and Mrs Statton, Retired

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