Advice for Elders

For all aspects of finance particular to those who have reached the age of wisdom. Planning ahead is very important – start now to maintain the lifestyle you want to enjoy in retirement, plan how to finance care and preserve your assets, get help from your family to manage your finances should you become incapacitated.

The earlier you start to plan, the more effective it can be

Planning is generally best started early enough that you are still in your wealth accumulation phase. As you approach later years your ability to accumulate additional wealth usually reduces with retirement from paid employment, limiting your choices. In addition, many of the best strategies require a number of years to establish effectively.

You may have many powerful drivers in need of a balanced plan:

  • Providing parents, your partner, siblings, and children with financial support
  • Securing a tax efficient income that will last you the rest of your life
  • Reducing investment risk and preserving capital
  • Maximising the value of your business for an exit or the benefit of future generations
  • Ensuring that if you become incapacitated you have appointed people you trust to look after you and your affairs
  • Care planning, ensuring that if and when the time comes people receive the best care possible that honours their personal wishes
  • Estate and inheritance tax planning, without compromising your financial security
  • Reviewing your wills to ensure they reflect your personal wishes
  • Establishing or re-organising trusts to pass on your money to family while retaining control over how it is used – either during your lifetime or after your death

Work with specialists in Later Life financial planning and advice

Later Life financial advice can be very complex and is best left to experts in the field. We have advisers with all of the specialist qualifications and experience needed to provide Later Life financial advice, including the specialist areas of Care Fees Planning, Equity Release and Home Reversion Plans. 

You can speak to SOLLA accredited Later Life Advisers specialising in the financial needs of older people, offering the added reassurance that we can give the practical help and guidance needed to help you make the right decisions at the right time.

In case you or your partner need


You paid National Insurance all your life but now you find you could be required to pay for certain health needs. If your health needs are classed as social care and you have savings above a certain level, then you will have to pay for them. A Later Life Financial Adviser will help you go through your options.

Transferring wealth through the generations.

Inheritance tax PLANNING

Many people find it unfair that they are taxed for dying. Make sure as much of your savings as possible end up in the hands of those you love by speaking to a Later Life Financial Adviser.

A Later Life Financial Adviser would consider:
– How much money you need to keep access to
– Whether spending your money might be the best option
– What the alternatives are, given your priorities

Leave no doubt about your wishes. Is your will up to date?


Making a will let’s you be clear about your wishes, giving you peace of mind and helping to avoid family disputes later. A well designed will can make everything as easy as possible for your family at what will no doubt be a very difficult time for them.

Choose who makes decisions when you can't.

Lasting Powers of Attorney

A Lasting Power of Attorney is a legal document that allows you to appoint someone (or several people) you trust as an ‘attorney’ to make decisions on your behalf should you become incapable of managing your own affairs. This could include such things as bank accounts, overdrafts, credit cards, savings, investments, property, and your own personal welfare.

If you do not have an LPA then the Court of Protection will be in control of your assets and welfare should you become incapacitated.

A means to release money from your property.


Equity release allows you to release money from your property without having to move or sell your house. There is a no negative equity guarantee which means you and your family will never owe more than the value of your home.

Equity release could fund the lifestyle you want and deserve. 

Inheritance Tax, Legal services, Trusts, Will writing and Estate planning are not regulated by the Financial Conduct Authority.

Free initial


Speak to one of our Later Life Advisers about your situation and objectives. It’s an opportunity for us to see if we can help and for you to get to know us before deciding to engage our services. You can ask as many questions as you need. Your first meeting with us where we will discuss the ways in which we might help you is free of charge. Contact us today to book an appointment.

We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with Radcliffe & Newlands Estate Planning Ltd. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy.