Financial planning for later life

SOLLA accredited Adviser Catriona Lumiste joined us for Carers Connect on May 15th to discuss financial planning for later life. You can view her talk in the video and view a summary of the Q&A discussion below, but if you have any questions in relation to your own circumstances, please do not hesitate to use the contact details, also below.

Q&A Summary

What about me?

If you have LPA for the person you care for but are struggling to identify someone to take this role on for yourself, you can contact a solicitor firm to take on this role.

Can I pay 'gifts' on someone's behalf as their Attorney?

What about Capital Gains in relation to second homes?

Can deferred payments be used for care at home?

What if family have to cover care costs prior to a property being sold, e.g. if moving into residential care?

Are there any grants to help with maintaining the property while loved one is cared for at home and there is no additional money to pay for these costs?

Carers Connect is our weekly social Coffee Morning. The session is blended so you can attend in person or online, and we have regularly scheduled Let's Talk sessions with guest speakers.

If there's a topic you'd like covered in a Carers Connect session, get in touch.