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Financial planning for older age

Putting your financial affairs in order for the years ahead, and after your death, requires expert financial planning.

My Last Song is an appointed introducer to St. James’s Place Wealth Management which is authorised and regulated by the Financial Services Authority.

Ted Stevenson, a Senior Partner of St. James’s Place Wealth Management, briefly describes the areas he can advise on below.

Please click on the appropriate links to view his website. 'Partner' is a marketing term used to describe St. James's Place representatives.

Inheritance Tax
There was a time when Inheritance Tax was solely the concern of the very wealthy. This is no longer the case. You may avoid paying unnecessary levels of Inheritance Tax by utilising tax efficient methods of planning your estate. For more information, click here.

Long Term Care
More of us than ever before can now look forward to enjoying the benefits of longer life expectancy.

But living longer isn’t without its problems - more of us (and our loved ones) will need care in our later years. Whether this is provided at home or in other establishments, there will be cost implications.

Plan for these potentially significant costs now. For more information, click here.

Gifts and charitable giving
The ability to gift certain amounts of money or assets to selected people and charities can be a valuable exemption from Inheritance Tax. To find out more, click here.

Trusts can be useful tools in reducing Inheritance Tax and setting up arrangements to benefit children, generations yet to be born and those at risk of divorce or bankruptcy.

You should also consider setting up a trust if you believe a beneficiary (or beneficiaries) is unable, unwilling or not responsible enough to benefit from your legacy.

Trusts can be set up during your lifetime or on death using your will. Trusts are not regulated by the Financial Services Authority.

The government has recently clamped down on the use of trusts, so seeking professional advice on setting up a trust is strongly recommended. Find out more about setting up a trust by clicking here.

Retirement Planning
The prospect of outliving savings and running out of money in retirement is a daunting one. It will also have affects on your loved ones.

This could become a harsh reality unless you plan effectively, which is why it is vital to take action now before it is too late to repair the damage. Click here to find out more.

Successful investment is critical to your financial wellbeing, but it is an area which presents unique problems, particularly in unpredictable financial times. Future investment performance is unpredictable, which is why you need expert advice. Get that advice by clicking here.

'My Documents...'
'My Documents' has been designed to help you keep a concise record of your personal affairs and other information, and to help identify where these various documents may be found. Click here to find out how to use 'My Documents'.

Upload a scanned copy to your Lifebox so that if you were to die unexpectedly, your executor can access to them when he or she opened the Lifebox.

Use the ‘Share’ links to share with friends on Facebook, Twitter and much more!


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