With an ageing population the need for long term care is increasing and therefore the need to plan for it is also becoming increasingly important. With regard to care needs in later life you don’t know what will be required or for how long – there will be many things to think about and this may feel a little overwhelming.
Arranging care for yourself or a loved one can not only be an emotional time it can also be a complicated and expensive one. Long term care in a care home is very costly and can quickly erode your savings, including the equity in your property.
We can provide support by advising you on what might be available from the State (if anything) and how best to fund the fees for the short or long term. Cashflow forecasting will highlight any shortfall and will illustrate how effective planning can help to minimise the effect of care fees on your estate.