Paying for care is a subject few people have any experience or knowledge of; it is a specialist and complex area and yet more families are facing this challenge every year. The cost of residential, nursing or specialist dementia care is more than most people think – £1,000+ per week is not unusual in the S East.
Controlling the cost of care fees is a challenging discipline and demands qualified independent advice which is why you should speak to one of our male or female advisers if you are pre or post- retirement and concerned about the financial implications of future care for you, a friend or relative.
No two situations are the same, but in a majority of cases the provision of later life care will have a huge impact on the pensions and investments that you have worked so hard to accumulate.
It is so important to take independent and qualified professional advice to guide you on the best way of funding for the standard of longer term care that you desire. Some of the more common concerns and questions are :-
- I don’t want my life savings exhausted.
- I want my family, friends or charity to benefit from my estate.
- I am concerned about the potential impact of Inheritance Tax.
- I don’t want to tie my funds up in a high risk investment.
- I don’t think I can invest with a long term commitment.
- How do I find an adviser with empathy that I can trust?
- I don’t understand how local authority funding works.
- Am I paying too much tax?
- What are Attendance Allowance and Age Allowance?
- What is NHS Continuing Care funding?
For some people the transition to a professional care home is the ideal solution. The worry of maintaining a house is replaced by a warm secure environment and many people thrive on the opportunity to make new friends and enjoy the many activities that are provided by quality care homes.
However, staying in your own home for as long as possible can be an alternative solution and is made easier by using a care company that provides services and support tailored to your individual needs. They can provide live-in services such as:-
- Live-in personal care & companionship
- Help with cooking, shopping and cleaning
- Respite care to perhaps let family carers take a well needed holiday
- Short and Long Term care following illness.
We will be happy to discuss your options and we have experience of working with a number of local care homes and with companies that provide care and assistance in your own home.
Remember, up to 70,000 homes are sold each year to fund care fees – but there are ways to avoid this. But beware of schemes which look too good to be true – as they often are! Why not speak to one of our team of male and female advisers, an initial discussion will be entirely at our cost – you have nothing to lose but much to gain by speaking to AV Trinity.
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