Feature: Building a network for later life

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A GROUP of businesses has come together to form a network which can help and advise people in later life.

Each business has its own expertise in how to help elderly and vulnerable people when they are planning their future.

This can be from where to invest their money after retirement, to sorting out how to find the right nursing home.

The idea started when wealth management expert and accredited later-life adviser Tim Reedman met John Corrie from Henry Adams at last year’s Observer and Gazette Business Awards.

Mr Reedman said: “When people retire, they enter a period of their life when planning for their financial future could not be more important.

“It is often said to me how nervous new clients of mine are, when they are planning for their later years.

“I decided last year, to get a group of like-minded professionals together, all individual companies in their own right, but with a common theme that post-retirement clients needed a very personal and comprehensive approach to their future plans.”

The group can help with a wide variety of issues: financial planning for the next generation, inheritance tax, long-term care or just some advice when a loved one is suffering with dementia.

“This group has grown over the year and now is able to offer a much wider range of services than I originally thought possible,” said Mr Reedman.

“Whether you have just retired, are thinking of your retirement house move, planning for long-term care, or even already receiving care, we can help.

“Advice should be at your pace, personal and unrushed, totally transparent and most importantly, fit for purpose both now and in the future.

“These are the principles we all work to and I would be happy to look at anyone’s situation, be it yours or a close relative or friend, to see if we can help.”

With estate agents and care consultants on board, there is a wide range of companies which are willing to help and advice people on later life issues.

The group is planning on running free seminars for people to get advice on a whole range of topics on financial matters for the elderly and vulnerable.

Contact Tim Reedman for more information on 01243 537983 or visit www.reedmanwm.co.uk.

Henry Adams

John Corrie, a partner at Henry Adams, said the estate agents could help later-life clients and their families with appropriate advice and support when they wanted to move, ‘which for many can be a daunting prospect and a big decision’.

“Locally there appeared to be nothing in place, which we are addressing with this initiative,” he said.

“We have a good understanding of what’s available to buy and can advise upon suitable locations and property, while providing you, your family and appointed advisers with experienced and helpful advice and regular updates, throughout the selling process.

“We work with reliable, helpful and local removal companies, who provide a complete service, and our auction rooms in Chichester can sell unwanted items in their monthly sales.”

Bridefast Property Services

Rob Dolbear, director of Bridefast Property Services, said: “Bridgefast works closely with Reedman Wealth Management and the other members of the later-life networking group, to help provide a bespoke, fully-managed property sale service which takes away the stress and hassle.

“The homeowner or their representative remains in control but we manage the process, advise and recommend, with a view to achieving the best possible sale price.

“We also arrange additional services tailored to our clients’ needs, but typically including vacant property insurance, auction appraisals for items of value, removals, house clearance, property maintenance and repair.

“Furthermore, we are able to provide advance funding prior to the sale of the property, typically used to purchase an Immediate Needs Annuity, pay monthly care fees, a purchase deposit and even outright purchase of a new property.”

The Good Care Group

The provider of live-in home care enables older people to remain in their own homes with one-to-one support.

Head of care strategy, Zoe Elkins, said: “Too few people are aware of live-in care as a real alternative to residential and nursing care homes. However, once people realise this is an option, it is easy to see why most people prefer to remain at home with live-in support.

“With live-in care a client can remain surrounded by their beloved pets, gardens and possessions.

“They are able to maintain lifelong routines, local friendships, social activities and networks. The trauma of moving an older person, particularly someone with memory impairment like dementia, into a new environment in later life, can be devastating.

“Live-in care provides flexible, round the clock one-to-one-care – something not even the very best care homes can offer.”

Grace Consulting

David Nugent, managing director of Grace Consulting, said the firm helped people through ‘the maze of care’.

“The decision to find care can be daunting; the hospital discharge process is difficult to navigate, care options seemingly endless and paying for care problematic,” he said.

“Without expert help and sympathetic advice, it is difficult to know if the right care decisions are being made.

“Independent care advice provides excellent support in finding the best possible care, helping people guard against potential crises by taking early measures and also helping solve crises when they do occur.”

Advice ranges from providing a clear view of the care options available, to finding the right carer or care home, navigating the NHS and Social Services and applying for state benefits and entitlements.

“Each individual’s situation is unique. Grace Consulting listens to and understands care needs and personal wishes, sets out viable care options and explains the pros and cons of each, saving time and reducing stress.”

Senior Services

Senior Services offers a relocation and downsizing service for older people in the south.

Director Felicity Bunt said: “Moving home is a complex and stressful experience, particularly in later life. Senior Services offers independent advice and help with the physical and emotional demands of downsizing, moving, or adapting the home to suit changing needs.

“Our services are designed to support the whole family at what can be a difficult time. We aim to make the process as smooth and stress-free as possible.

“We take time to listen and understand our clients’ particular needs and concerns, placing huge importance on confidentiality, trust, patience and compassion, as well as excellent communication, organisational and project management skills.”