Later life planning

At Tees our lawyers and independent financial advisers work together. This gives you a joined-up view of your plans for your future and you can get everything organised in one go.

Our later life planning specialists work across the full range of services:

• Lasting Powers of Attorney – choosing someone you trust to act in your best interests to make decisions on your behalf if you're no longer able to make decisions for yourself – about your health or your money. 
• Making a Will – or update a current one.  This is key to making sure your wishes are carried out after your death. The complexity and quirks of the tax legislation offer many opportunities to save Inheritance Tax through appropriate planning and your Will is an important element of your plans. The question of how to structure your Will is a complex one involving consideration of a range of different factors. Married couples with significant assets should consider the option of using an appropriate Will trust on the first death, due to the tax planning opportunities available.
• Court of protection and deputyships – a complex process of legal steps to protect vulnerable people. A deputy makes decisions on a person’s behalf. Many of our solicitors have themselves been appointed professional deputies and understand what it means to be responsible for people who can’t make their own decisions. 
• Financial and succession planning - inheritance tax planning, business property or agricultural property relief and trust administration, including investment advice. We work with your other professional advisers, such as accountants for a joined up plan. 
• Pension advice - tax-free lump sums, retiring early and the different types of pensions - personal, stakeholder, SIPP (self-invested personal pensions), workplace, additional voluntary contributions (AVCs) – and pension transfers.
• Independent investment advice – advising on your investment strategy to support you and your family in later life.  
• Equity release – advising you on the right financial product for you to obtain funds from the capital value of property.  
• Long-term care fees planning – our independent financial advisers are accredited by Society of Later Life Advisers (SOLLA) and understand all aspects of funding care for older people or those with health needs.
• Gifting money to children – advice on how to giving regular payments to children and others.