As the average age of life expectancy continues to increase it is ever more important for clients to consider financial planning for their future. This is often coupled with a desire to ensure that assets are able to be passed down to the next generation. Here at Wake Smith Solicitors we are sensitive to the often conflicting considerations which affect many of our elderly clients. We have years of experience in advising clients to find the best estate and care fee planning structures for each individual. We appreciate that no one individual’s needs are the same. We therefore tailor bespoke advice to the individual.
Care home fees have according to recent media reports increased by 5.6% last year to an average of £30,000 per annum. That is generally ten times the rise in pensions as income in the same period.
In our experience there are two schools of thought among clients undertaking care home fee planning. Some decide to use their money to secure the best quality of life while others feel strongly about family inheritance and are prepared to take their chances in the state system. It is important that clients consider three things:
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"Breda Cashell did a first class job in handling our late mothers estate, keeping us well informed throughout this sad time of ours. Nothing was too much trouble, she was very professional from the outset to completion. She answered all our questions at our first meeting, and subsequent meetings. Breda is a very caring lady, and our family would recommend her and your services as an excellent company to work with. Thanks for a brilliant service."
"We have been clients of Wake Smith over a period of some twenty-five years and the service we have received throughout this time has been excellent. The firm has always been prompt, efficient and thorough and we have always been treated with the utmost courtesy and kindness."
David and Elizabeth Marsden
"I am thankful for Suzanne’s kindness, care and consideration. I am sure the family would join me in their appreciation of all her hard work. Suzanne makes you feel that no question is too small for her to answer and when she does reply it is in a language that I understand and is perfectly clear."
"It was a real privilege and pleasure to deal with Mr. Talbot as he set in place the Lasting Power of Attorney documents for my wife and myself. He patiently explained to us the complex issues regarding our needs and could not have been more polite, considerate and clear in his explanations. He constantly reassured us that he would always be at hand should further clarification be required. The whole process seemed to be completed in good time and without complications. We felt we could utterly rely on Mr. Talbot’s knowledge and expertise."
"Couldn’t be better! Shaun was most helpful and reassuring".
Mr F from Sheffield
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