A combination of complex legislation and constantly changing political rhetoric, makes it very difficult for families to establish what cost they are liable for, what help they are entitled to, and what payment strategies there are. With residential care fees typically ranging from £40,000-£60,000 pa, many families are rightly concerned that all of their assets will be consumed by these fees in a relatively short space of time.
We can assist by explaining what your funding options are and signpost you to further advice if we feel you may be entitled to local authority financial support. For self-funders, we will review each of the funding methods in relation to your circumstances, and provide guidance as to which option is optimal for you. If appropriate we will then help to make the necessary arrangements as agreed.
Financial planning is a complex area which varies greatly depending on individual circumstances, and holistic independent financial advice should be sought prior to making any changes. Click here to book your free initial General Financial Review.