Helping our clients plan in the later stages of their lives is one of our specialisations and requires a sensitive approach to deal with important and often difficult decisions.

Long Term Care Planning

Putting a Care Plan into place involves discussions with medical experts, Social Services, and private care firms. It often requires you to provide full details of your income and assets. Knowing which of those assets must be considered and which are disregarded in the financial assessment can make a big difference to in the standard of care you receive and how much you are expected to contribute.

We also assist Attorneys with arranging the finances to fund a relative’s care home fees and can recommend a range of lower-risk income-producing investments. The average annual care home now costs in excess of £24,000 per annum, and if nursing care is required this often exceeds £30,000 each year. Sometimes paying a regular or single premium for an annuity or care insurance plan could mean having to deplete less or none of your assets to meet the cost, or allow you to remain independent in your own home through the provision of specialised equipment,

There is no doubt that the need for care is likely to increase as life expectancy continues to rise and with only limited care facilities available, the costs are likely to rise.

Equity Release – unlocking money from your home

With the rapid increase in house prices over the last 10 years and the reduction in state support for pensions, together with volatile investment performance, many retired people are finding themselves in an “equity-rich cash-poor” situation where most of their wealth is tied up in the property they live in.

If this affects you please take a few moments to read our Equity Release page to find out more about the types of scheme available, and whether they are a solution you may wish to consider.

Apex CB Financial Planning Ltd is a member of Carers UK and fully qualified to provide long term care and equity release advice. Not all IFAs can give this type of advice – if in doubt, ask.