Financial Advice For Long Term Care
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The following companies specialise in providing
Independent Financial Advice specifically for long term care funding.
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Taking the Worry out of Paying for Care
NHFA Care Fees Advice, the leading specialist advisory service on funding long-term care, is available to all regardless of means throughout the UK. NHFA can guide you through this complex area including helping you to understand the State support you should be entitled to and the financial products specifically designed for meeting care costs.
Click here to find out more about NHFA Care Fees Advice
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Paying for your care now and in the future
As our aging population increases, the number of people who fail the government means test for care also increases. This means more and more people are having to fund all or part of their own care. The question is how are you able to afford it?
When people are faced with this decision they automatically think they will have to sell their home but that isn't always the case, particularly if you live with a partner or close relative when you may be entitled to more financial help than you think.
It is important to make sure that you consider all the options available to you before you commit to a route which may, in the long term, result in you depleting your assets earlier than they should have and consequently reduce your choice of long term care.
There are numerous options available to help you fund your care for longer. With reliable information and sensible advice you should be able to fund the care of your choice.
Independent Financial Advisers can advise on how you can make your money
work for you to cover or help cover the cost of your care. This may involve
renting out your property rather than selling it, investing your capital in a
portfolio of investments, setting up a Care Fee Annuity to provide a level of
funding towards your care, or through an equity Release Scheme. Some of these
options will be best suited to some people whilst other options would suit
others.
The advantage of obtaining advice from a good Independent Financial Adviser who has specialist knowledge of long term care funding is that they are able to assess your own specific circumstance in full and can make sure you are claiming all the benefits and allowances you are entitled to and then discuss with you the most appropriate options.
Find out more about the financial implications of funding residential care in our articles below:
Funding Residential Care
Funding the Care Bill Shortfall
The Family Home - Financial Options
The importance of financial long-term planning
Selecting the Correct Care Home: Legal and Financial Factors
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