We’re living longer, which means planning for the inevitabilities of later life is even more important. You may have already put pen to paper and carefully planned your retirement, but have you considered what might happen if you (or a loved one) are in need of long-term care?
No one, given a choice, would opt to spend all their money (saved over a lifetime) on care fees. However, with financial planning it may be possible to fund care, whilst also protecting as much of your wealth as possible so that some inheritance may be passed on.
There are pros and cons to all the funding solutions available, so it is essential to seek financial advice from a specialist adviser as early as possible to find the right solution to suit your individual needs. Whether you are concerned about saving for care home fees in the future, or facing the possibility of needing to pay these fees now, we can help you and your family with the options available.