Wish to Explore Long Term Care Provision
There is an understandable reluctance to talk about Long Term Care for the elderly. For a few moving into a Care Home can be a slow transition perhaps via Sheltered Housing allowing adequate time for measured decisions to be made . For many though the need for Care comes quickly, perhaps due to a rapid deterioration in health and the many decisions have to made in a short time scale.
In all circumstances careful planning is needed to ensure your elderly relatives or friends have all the available information and advice to make the right choices.
Naturally every family’s circumstances will be different but the following areas should be addressed
Care Advice
- State Funding entitlement
- Other allowances – be aware some allowances stop on entering a Care Home
- Social Services – help available, procedures to be followed
- Local Authority -
- Finding suitable Care Homes – Local Authority, Private
- Cost of Care Homes
- Availability of beds
Legal Advice
- Continuing Power of Attorney
- Welfare Power of Attorney
- Alternative procedures if no Continuing Power of Attorney exist on Mental incacapacity
- Wills
Financial Advice
- Maximising benefits and entitlements (to reduce the amount remaining to be funded)
- Tax efficient investing (to reduce tax to be paid)
- Reviewing existing arrangements
- Reinvesting capital perhaps from the sale of a property
- Advising on specialist Care fees planning solutions
- Minimise the cost of Care whilst not compromising on the quality of Care
In practice each area can affect the others and getting good quality advice in all these areas can reduce any worry during what is often a stressful time as well as benefiting your family financially.
CALL OUR SENIOR ISSUES TEAM ON 0845 8553300
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