Planning for later life is not just about protecting your family and loved ones, and ensuring they are safeguarded when you are no longer here, but as more and more people are living longer, it is important to plan ahead to ensure things go as smoothly as they can for your own future.
Dealing with later life issues can be an emotional and stressful time for you and your loved ones, and we want to help you on that journey, giving you practical and legal advice. McDougall McQueen has been a member of Solicitors for Older People Scotland for many years. Working in partnership with Age Scotland, Solicitors for Older People is a group of Scottish law firms dedicated to providing legal services to older people in a caring and sensitive way.
As life expectancy continues to lengthen, more of us can expect to require some form of long term care, and understanding the funding options available to you to help meet the cost of any future care needs, such as residential and nursing care, is important.
From local authority and NHS funding to state and other benefits, our team can help you obtain information about what you are entitled to and how to fund your long term care.
Did you know you have the potential to access the wealth in your home for a variety of uses? Equity release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments and is a way of releasing the wealth tied up in your property without having to sell it and move to another home.
There are two types of equity release – Lifetime Mortgages and Home Reversion plans – both of which are regulated by the Financial Conduct Authority. As members of the Equity Release Council, McDougall McQueen can advise home owners on using an equity release product, drawing a lump sum from the value of their home, and planning for retirement funding.