Thursday 6 May 2010

Elder Law or Legal Services for Young Seniors?

I call them Young Seniors – baby boomers now in their 60’s.

They aren’t ready for classic “retirement”.


They aren’t expecting to live on reduced income.


They aren’t waiting to die.


In fact many of them are looking at remaining active through their hobbies, starting a new business (not tied to a desk or commute), and looking to live between two or three locations.


You won’t get far by calling your services “Services for the Elderly”.


Because they don’t consider themselves elderly.


Young Seniors is a better term.


So perhaps look at your services and give them a make-over.


You provide the legal advice on Equity Release schemes.


And a financial adviser provides the products. But you retain the client as your client. After all, they are more likely to trust a solicitor than a financial adviser.


And why not go to all the financial advisers you trust and ask them to let you market Wills and Trusts to their clients and you market their Financial Services to your clients?


Maybe you could do a short talk with them at the golf club, tennis club, sailing club and all the other places that wealthy “Young Seniors” hang out.


PS When I joined Reading Football Club (I’m the portkabin to Premier League kid) the first thing I did was start up the Young Royals. Note that I didn’t call it Junior Royals. Kids want to be older. Seniors want to be younger.

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