Financial matters

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Many elderly clients spend a lot of time thinking about their finances, worrying in particular:

  1. •

    whether they have and will have resources sufficient to cover their needs to the end of their life

  2. •

    where they can get extra finance when needed

  3. •

    how they can ensure that their chosen relatives inherit something

The practitioner must seek to answer these and other questions competently in order to offer a rounded service to the client and to ensure that a holistic approach to their needs is taken.

Disposing of property interests

The home is likely to be the single most important asset to the elderly client, both in monetary and psychological terms, and elderly clients often express fear of losing their home or of it being sold and the proceeds being eaten up in future care home fees.

As a result of these concerns, elderly clients frequently seek advice from their professional advisers on how to dispose of their house to relatives, either permanently or so that they no longer own it but can remain living there. The first is relatively simple but often not sensible, while the

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