PALM Solutions - Every mature homeowner should have one!

As someone becomes older in the UK, they face a number of challenges as their life changes.

For those who own property and other wealth; one of those challenges is how to avoid losing the wealth that they have in property and other assets.  This leads them on to the bigger question: How can they manage their life so that they can control future events?

Many mature homeowners have found, to their costs, that failing to make appropriate arrangements has left them in the position where they lose control of their own wealth. As a result of losing control of how their wealth can be used they have to use their money in ways that they did not want or expect to have to do.  And the result is that they lose control over their own Lifestyle, Wealth, Health and Well-being.

The conventional approach to this problem is to focus on trying to hide wealth so that someone does not have to pay for things like care fees; if they require care.  This leads on to a wide variety of solutions being used and a lot of "down the pub mythology" being taken as fact.

To manage the problems that can be experienced by a mature homeowner you need to look at the problems in a different way.  You need to consider the bigger picture.

In reality the finances of someone links into every aspect of their lives and this needs to be taken into account.

My view is that the problems facing mature homeowners relate to their Lifestyle, Wealth, Health and Well-being. And that a much better solution is provided if all these areas are brought into the solution.

However; providing a comprehensive solution of this type is not easy and this is why so many of the "simple solutions" flourish.

Take action early!

The complexity of the problems facing mature homeowners, overwhelms and stops many from taking action, and as a result of inaction; they are then certain to be caught out if problems occur.

For many it is their domestic circumstances which prevents them from taking action. Their wish to retain ownership of their property until the last moment is a major reason why so many homeowners have problems.

This is where PALM Solutions can be very useful for a mature homeowner. MY solution works with the Lifestyle, Wealth, Health & Well-being of the homeowner and, if required, their family and friends. And it does this while you retain ownership of the property.

To manage the different life issues effectively, a PALM Solution helps the homeowner manage aspects of their Lifestyle, Wealth, Health & Well-being in a totally new way.

PALM Solutions have been developed to provide mature homeowners with the help they need, by providing them with the complex structure and support they will require to have Lifestyle control in the future.

Future Lifestyle Planning

The smart mature homeowner is aware that life can change unexpectedly and unless they have planned and taken the right steps; they can get caught out by events.

To successfully plan for the future, we need to have a robust structure that is capable of producing positive results in a number of different scenarios over a long period of time.

The problem is that as we look forwards into the future we do not know what course someone's life may take. To cope with this uncertainty we allow for a variety of lifestyle scenarios including: downsizing of property, living with relatives, ceasing to be a property owner, living in supported living accommodation (not care) and death.  This gives most people the flexibility they need.

Financial Functions to help the homeowner.

Every year somewhere in the region of 60,000 mature homeowners wake up one morning and wish that they had taken action sooner.  This is because they have to sell their homes and use their wealth to pay bills that they had not expected to have to pay.

They know that they are going to lose their homes, their wealth and all their lifestyle choices and it is too late for them to avoid the problems.  Being wise after the event is little comfort to anyone really!

To avoid losing control, smart mature homeowners are looking for smart solutions which work with them over the long term and make their lives easier.

They are looking for smart solutions that can do unusual things and control multiple aspects of life in beneficial and predictable ways.

For the homeowner a PALM Solution is doing a number of different financial functions over a long period of time.

1. Maintaining the property investment while the homeowner continues living in the property.

2. Ring-fencing the wealth for the homeowners future use; from when the solution is put in place.

3. Controlling and managing the use of the wealth; when it is required.

4. Controlling and managing the passing on of wealth to others when the homeowner is finished using the solution.

5. Providing a single point of contact for the provision of goods and services.  Helping to keep costs down and maintain quality.

Find out More!

I have tried to provide you with a cross section of information that will help and inform you. It will take a little time to read through all the information, so if you are in a rush bookmark this page and come back to it.

Take the Info-Tour 

This link will take you on a tour of information that will explain different parts of a PALM Solution to you. It will cover the type of people that can be helped, the types of problems people are looking for solutions for; and other relevant aspects.

Take the Info-Tour

To contact us

We can give you a lot of information to read and digest but in reality the best way to find out whether this is suitable for you and what you want to do, is to speak to a Consultant and make an appointment.  At the appointment we can deal with your specific circumstances and wishes for the future.

To arrange an appointment with David Sheridan please use this link: Speak to David Sheridan

Please click on this link to see: our contact details

Free Information

We have prepared a variety of information related to mature homeowners that is useful and helpful.  We can provide this to you free of charge on completion of the form that gives us your contact details.  Please click this link to be taken to the correct page. Free Information

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