by Later Life Admin | Nov 24, 2025 | Financial Advice, Legal Advice
If you’re thinking ahead to your later years, making planned lifetime gifts can be a smart way to ease the burden of inheritance tax (IHT) and ensure more of your wealth goes to the people you care about. Why consider gifting? You receive a tax-free allowance...
by Later Life Admin | Mar 17, 2025 | Financial Advice, Legal Advice
This article discusses Contiuning Healthcare Funding and when it may apply to your care situation. As the cost of care increases, reaching around £1,600 per week for residential dementia care, the financial burden of paying for care and protecting life savings is a...
by Later Life Admin | Jan 7, 2025 | Legal Advice
Giving gifts to relatives is a tradition that many of us are accustomed to but considering the tax implications is a process which is often overlooked. If your estate may be subject to inheritance tax (IHT). Thoughtful planning can ensure that your generosity is both...
by Later Life Admin | Sep 30, 2024 | Legal Advice
Creating a Will is one of the most important steps in securing your family’s future and ensuring that your assets are distributed according to your wishes after your death. Few people appreciate the importance of registering your Will after it is created. Despite...
by Later Life Admin | Apr 15, 2024 | Legal Advice
According to Age UK, the current average cost of staying in a residential care home is around £800 to £1,078 a week. These costs are average figures and can vary depending on the type of care provided and the location of the residential care home. It is estimated that...
by Later Life Admin | Nov 10, 2023 | Financial Advice, Legal Advice
As per HM Revenue & Customs, the total Inheritance Tax (IHT) receipts from April 2023 to September 2023 amounted to £3.9 billion, marking a £400 million increase compared to the corresponding period in the prior year. June 2023 recorded the highest-ever IHT...
