21 April 2016
Top tips for nonagenarians
Happy Birthday Your Majesty - as the Queen celebrates her 90th birthday today (21 April) at Windsor Castle, it will be just the beginning of a summer of celebration for this most famous of nonagenarians.
Her first official duty of the day is the unveiling of a plaque at the foot of Castle Hill, followed by a walkabout to greet members of the public, and then a private family celebration in the evening.
More official festivities follow in May and June, culminating in a major event on 12 June when The Mall in St James’s Park will be transformed into one big street party to celebrate Her Majesty’s patronage of more than 600 charities and organisations.
Thanks to support from B P Collins LLP, among those attending will be representatives from Chalfont St Peter-based Epilepsy Society, one of its long-standing clients.
B P Collins celebrates its own 50th anniversary this year and, when it comes to milestone birthdays, it’s the perfect opportunity to take stock, as Lucy Fisher, associate in the wills, trusts and probate team, explains.
“Her Majesty’s commitment and service to the nation over many decades has been inspirational and we are proud to wish her a very Happy Birthday as she takes part in her official celebrations,” said Lucy.
“Whether you’re a member of the Royal family or live something of a more down-to-earth lifestyle, becoming a nonagenarian is to be applauded, but it’s also a time to make sure you have all the necessary plans in place for your future.
“For the majority of 90-year-olds, that means thinking about ongoing care needs, ensuring a valid will is in place so you can look after your nearest and dearest, and making sure your family has a Lasting Power of Attorney.
“If you haven’t done so already, it’s also a good time to take professional legal and financial advice about estate planning. If you want to help the younger generations of your family - perhaps by paying school fees for grandchildren or great-grandchildren or providing a helping hand on the housing ladder - there are different ways to set up a tax efficient trust in order to do so.
“The key is to talk to specialists who have in depth knowledge in areas such as probate and estate planning and who understand all the issues which are likely to be involved.
“While there won’t be many 90-year-olds with wealth on the grand scale of Her Majesty, it still makes sense to put your affairs in order and make sure that your loved ones are looked after in the best possible way.”