Long Term Care

In later life it is important to consider the possibility of long term care and how this will be funded, especially as residential home fees may be in excess of £25,000 per annum.

Under current guidelines a contribution from Social Services will only be considered if an individual's assets are less than £23,250.  This means that many of us will have to make our own arrangements initially, utilising hard earned savings and possibly the family home.

There are a number of areas that should be considered and clients also need to be aware of benefits which may be available regardless of capital resources.  It is also important to have someone to turn to for help in this specialist area of financial planning.

Both Andrew Durban and Nicholas Richards hold the required qualifications to help clients with a structured plan to ensure fees are affordable whilst keeping capital erosion to a minimum.

In addition, both are members of SOLLA, the Society of Later Life Advisers which provides specialist advice with very stringent membership conditions and only 100 members nationwide.

Whether you are concerned for your own welfare or would like to encourage elderly parents to plan for such eventuality, please contact us for an initial discussion.