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The Financial Times Guide to Wealth Management, 2nd Edition by Jason Butler

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CHAPTER 19

LATER LIFE PLANNING

‘One of the most attractive things about writing your autobiography is that you’re not dead.’

Joseph Barbera, American animator, director, producer

As Chapter 3 showed, we are all living much longer and the outlook is for life expectancy to continue to increase, but perhaps not at the same rate as it has over the past 30 years or so. Increased life expectancy, however, also brings with it a multitude of issues that may have a bearing on your wealth planning and possibly that of your parents or relatives.

Dementia is one of the main causes of mental incapacity in older people in the UK, affecting about 800,000 people, and this number is set to rise to more than 1 million people by 2025.1 The chances of suffering ...

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