Care Fees Planning
An important consideration when helping clients plan for their long-term financial goals is to develop strategies for covering the potentially significant costs associated with long-term care. These strategies may include setting up a trust, utilising government benefits, or using savings or investments to pay for care. We will consider your overall financial situation, including your retirement income and estate planning goals, when developing a Care Fees Plan. By addressing long-term care costs early on, we can help you avoid the financial strain that can come with unplanned or unexpected long-term care expenses.
Sadly, many thousands of people who receive care, either in their own home or a care home, run out of money every year, often un-necessarily and many believe the state will pay for their care costs and it becomes a very unpleasant shock when they discover this is not the case. At PIL we will help you explore all your care funding options with the aim to ensure that a person receiving care never runs out of money. Whilst we can’t perform miracles, we will look at every possible approach to ensure that a person receives the quality of care they desire up to the end of their days.
Immediate Needs Care Planning
Many people find themselves thrust into the realm of care fees, either because of rapidly declining health due to illnesses like dementia or a situation where a loved one suffers a stroke and cannot go home after being discharged from hospital.
Funding for long term care be that in your own home or in a care home can be an extremely emotive issue. It is often confusing and the final situation can appear to be a minefield. The process of finding suitable care and sorting out legislation, not to mention help your loved ones come to terms with the significant change in lifestyle can be extremely hard.
At PIL we have experts who are members of the Society of Later Life Advisers who can help you navigate your way through the fog of the care system.
