Long Term Care Planning
When faced with changes in health or the effects of ageing, the question of whether care will be needed or not becomes prominent in the minds of those going through it and those who have loved ones going through those changes. At The Will Shop, we know that planning for long-term care is more than just finances; it is about helping those who need it and ensuring your family is supported every part of the journey.
Why Long Term Care Planning Matters
Long-term care planning not only helps the individuals it is meant for but also for the families, allowing both to prepare for the possibility of those in the family needing assistance with daily living, no matter if that is at home, a specialist nursing home or other alternatives. Without a clear plan, the costs of a care plan can easily stack up and become overbearing, and this can cause unnecessary stress for yourself and your loved one
Through proper planning, you can ensure that you or your loved ones receive the right care when needed without having to sacrifice financial stability or peace of mind.
Options for Funding Long Term Care
When it comes to care, it is crucial to understand how it is funded. Our team will help you navigate through the available options to you and help you make informed decisions based on your needs. Here are just a few of the main options for your funding:
Self-Funding
Many people initially pay for their care privately. This approach provides flexibility but can quickly deplete savings if not carefully managed.
Local Authority Support
Depending on your financial situation, you may be eligible for support from your local council. We can help you navigate the often complex assessment processes and understand your rights, and help you acquire the support you need.
Care Annuities
Also known as Immediate Needs Annuities, these are specialist insurance products designed to cover the cost of care for life. This form of elder care insurance provides predictable, guaranteed income and can offer long-term security.
How we can can help in Long Term Care Planning
Our expert legal team is here to make sure your or your loved ones’ interests are fully protected as you plan for long-term care for yourself or your loved ones.
- Protecting Your Assets: We provide strategies to help you safeguard your home and savings, ensuring your estate or your loved one’s estate is safely preserved.
- Advice on Funding Options: With a detailed understanding of the care funding landscape, we can help you choose the best course of action, including eligibility for benefits or funding schemes, so you can get the assistance you need.
- Ensuring Peace of Mind for Families: Our compassionate, clear approach helps relieve stress and confusion, ensuring you and your family are prepared and confident about the future.
Why Choose The Will Shop?
When it comes to The Will Shop, we bring years of experience and a dedicated focus on future planning for you or your loved ones. Through providing:
- Tailored, individual advice with in-person consultations
- A cost-effective service model, with transparent fees so that you are never caught off guard
- A trusted and proven track record in wills, estate planning, and long-term care planning
- Clear guidance in a complex area, delivered with compassion and integrity, so you feel secure every step of the way
Get in Touch
Whether you’re planning care for yourself or a loved one, our friendly team is here to help.
Contact us today to speak with a member of our care planning team.
We’ll walk you through your options and ensure you’re supported every step of the way.
Frequently Asked Questions
What are the costs of long-term care in the UK?
Costs vary widely depending on location, type of care, and whether nursing is required. Residential care can range from £700 to over £1,500 per week. Our team can help you understand typical costs and what applies in your area.
Can I protect my home from being sold to pay for care?
In some cases, yes. Through careful planning and the use of legal tools such as trusts, it’s possible to safeguard your home. Speak to our team for personalised advice.
What financial support is available for care costs?
You may be entitled to support from your local authority or benefits such as Attendance Allowance. In some cases, NHS Continuing Healthcare may also apply. We’ll help you determine what you’re eligible for and how to apply.