Later Life Planning & Secure Your Future with our Expert Legal Advice
Taking control of your future with later life planning is an important decision, and Damian Gorman, an expert solicitor in this field, is here to guide you every step of the way.
Why Later Life Planning Matters
Later life planning involves making arrangements and decisions that affect your well-being and your financial security as you age, as well as protecting your legacy. With a well-structured plan, you can:
- Ensure Your Wishes Are Respected: Make decisions about your care and finances that reflect your preferences and values.
- Protect Your Assets: Plan for the management and protection of your assets, ensuring they’re used in accordance with your wishes.
- Minimise Legal and Financial Difficulties: Address potential issues before they arise, reducing the risk of disputes and complications.
- Provide for Your Loved Ones: Make sure your family and dependents are cared for and your estate is managed according to your intentions.
At Gorman Legal, we understand that planning for your later years can be overwhelming, but with Damian’s wealth of experience, you’ll have the support you need to make informed choices. From creating a will to setting up lasting powers of attorney or preparing for future care, Damian is dedicated to ensuring you have the peace of mind that comes with knowing your future is in safe hands.
Frequently asked Questions about Later Life Planning
Later life planning involves preparing for the legal, financial, and personal aspects of aging. This includes creating documents such as Wills and Lasting Powers of Attorney, planning for healthcare and care home costs, and managing your estate to ensure your wishes are met as you grow older.
A Lasting Power of Attorney allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so yourself. It covers decisions about your finances and property, as well as your health and welfare, ensuring that your preferences are respected.
An LPA for Property and Financial Affairs allows your attorney to manage your financial matters, such as paying bills and managing investments. An LPA for Health and Welfare allows your attorney to make decisions about your healthcare, including medical treatment and care arrangements, based on your preferences.
If you don’t make a Lasting Power of Attorney it can make life very difficult for your loved ones if you have an accident or illness or if you lose capacity.
Without a Power of Attorney, if you become incapacitated, decisions about your finances and healthcare will most likely be made by a court-appointed representative, which can be a lengthy and costly process. Having an LPA ensures that your wishes are respected and decisions are made by someone you trust.
An advanced care directive, also known as a living will, lets you specify your preferences for medical treatment in advance. We can help you draft an advanced care directive that clearly outlines your wishes regarding your healthcare and ensures they are legally recognised.
Your estate plan should include a Will, a Lasting Power of Attorney, and possibly trusts to manage and protect your assets. It should also address your preferences for healthcare and care home arrangements, ensuring that all aspects of your later life are covered.
Planning for care home funding involves understanding the costs of care, exploring funding options, and managing your finances to cover these costs. We offer guidance on how to prepare for care home fees and can introduce you to a financial planner – or work with your own existing financial planner – who will advise you on implementing financial planning strategies.
It’s important to review your later life plan regularly, particularly when there are significant changes in your life, such as changes in health, family circumstances, or financial situation. Regular reviews ensure that your plan remains current and reflective of your wishes.
Yes, you can make changes to your Lasting Power of Attorney or advanced care directive as your circumstances or preferences change. We can assist you in updating these documents to ensure they continue to meet your needs.
Gorman Legal offers comprehensive later life planning services, including the creation of Wills, Lasting Powers of Attorney, advanced care directives, and advice on estate planning and care home funding. We provide personalised guidance to help you prepare for the future with confidence and peace of mind.
Speak to Damian
Call me directly on the number below, send me an email or fill out the form. Taking the first step towards securing your legal affairs is simple. Reach out for a non-obligation consultation.
I am dedicated to making the legal process as straightforward and stress-free as possible. Don't navigate these challenges alone – contact me today and let me provide the expert legal guidance you deserve.
Our Services
Planning for the future is essential. I offer comprehensive will writing services to ensure your wishes are clearly documented and legally binding.
See full details here.
Managing a loved one's estate can be challenging. My probate services are designed to handle the legal complexities, providing you with peace of mind during difficult times.
Find full details here.
It's crucial to have someone you trust make decisions on your behalf if you're unable to do so. I assist in setting up lasting power of attorney arrangements tailored to your needs.
See full details here.
Effective Estate Planning involves more than just drafting a Will. It’s about creating a comprehensive plan that addresses your unique needs and goals.
Find full details here.
Later life planning involves making arrangements and decisions that affect your well-being and your financial security as you age, as well as protecting your legacy.
See full details here.
A Living Will, also known as an Advance Decision, is a legal document that outlines your preferences for medical treatment in the event that you are unable to communicate or make decisions due to illness or incapacity. It allows you to specify the types of medical treatment you do or do not want to receive, ensuring that your wishes are followed. Find out more here.