Lifetime planning as a concept is
nothing new. However, it is rarely
considered across the spectrum
of professional services, usually to
the detriment of the client.
The idea behind the concept is that when we are advising on key legal considerations throughout your lifetime, we also prompt you to consider non-legal factors at the same time, either through one of our preferred partners, or through your own contact. This ensures your whole needs are considered in advance of key life events.
The other main point, which is demonstrated by the below table, is that this concept is not age specific. For example, the common misconception is that a Will is only required after a certain age. This is obviously incorrect as a person could die at any age in life & without an adequate Will, meaning their wishes could be ignored & their assets would pass under the rules of Intestacy. By regularly & consistently considering your needs, we will mutually ensure you have effective lifetime planning in place.
| Age Range | Under 35 |
|---|---|
| Legal Services | Wills (unmarried coupes with houses/ First time buyers/Guardians for children)Declaration of Trusts |
| Related Services | Protection - life insurance, income protection, and critical illnessPension planningISAs - NISA, Junior, Help to Buy, LifetimeMortgages |
| Age Range | 35–45 |
|---|---|
| Legal Services | Wills (focusing on guardians/second marriages/children from previous marriage)Trusts in wills for childrenLPA for business ownersDeclarations of TrustsAdvice for attorneys/deputiesWills for business owners |
| Related Services | Protection - life insurance, income protection, and critical illnessLifetime Cashflow modellingPension planningMortgagesInvestment planningProtection for business owners - Key person protection, relevant life cover, shareholder, directors loan |
| Age Range | 45–65 |
|---|---|
| Legal Services | Wills (Again focusing on second marriages/protecting children from previous marriage)IHT PlanningLPAsTrustsGuidance for attorneys/ deputiesProbate |
| Related Services | Protection - life insurance, income protection, and critical illnessPension planningInvestment planningLifetime Cashflow modellingWhole of Life Protection - IHTTrust Planning |
| Age Range | 65+ |
|---|---|
| Legal Services | WillsLPAsManagement of FinancesCare planningIHT PlanningProbate packagesTrustsSelling residential property to fund careAttorney, Executor & Deputyship services |
| Related Services | Pension (drawdown, IHT, children/grandchildren)Investment planningLifetime Cashflow modellingTax efficient drawdown of assetsWhole of Life Protection - IHTTrust PlanningFuneral PlanningGenerational planningCare Planning |
| Age Range | Legal Services | Related Services |
|---|---|---|
| Under 35 | Wills (unmarried coupes with houses/ First time buyers/Guardians for children)Declaration of Trusts | Protection - life insurance, income protection, and critical illnessPension planningISAs - NISA, Junior, Help to Buy, LifetimeMortgages |
| 35–45 | Wills (focusing on guardians/second marriages/children from previous marriage)Trusts in wills for childrenLPA for business ownersDeclarations of TrustsAdvice for attorneys/deputiesWills for business owners | Protection - life insurance, income protection, and critical illnessLifetime Cashflow modellingPension planningMortgagesInvestment planningProtection for business owners - Key person protection, relevant life cover, shareholder, directors loan |
| 45–65 | Wills (Again focusing on second marriages/protecting children from previous marriage)IHT PlanningLPAsTrustsGuidance for attorneys/ deputiesProbate | Protection - life insurance, income protection, and critical illnessPension planningInvestment planningLifetime Cashflow modellingWhole of Life Protection - IHTTrust Planning |
| 65+ | WillsLPAsManagement of FinancesCare planningIHT PlanningProbate packagesTrustsSelling residential property to fund careAttorney, Executor & Deputyship services | Pension (drawdown, IHT, children/grandchildren)Investment planningLifetime Cashflow modellingTax efficient drawdown of assetsWhole of Life Protection - IHTTrust PlanningFuneral PlanningGenerational planningCare Planning |
Why JBGass
We are an award winning firm specialising in property & private client matters. Our lawyers are specialists in their eld & we believe that a personal and honest approach is essential for all Solicitors, matched with a high level of communication.
Our firm has been in operation since approximately 1914, a testament to our longevity and ability to adapt to cultural and economic changes. Despite our age, we are run as a modern business with the aim of providing exceptional service, which is tailored to our clients’ specific needs and requirements.
Our commitment to high levels of service are evidence by our three Law Society accreditations, which involve continual monitoring & annual external assessments.
"By regularly & consistently considering your needs, we will mutually ensure you have effective lifetime planning in place”