With the continuing ‘squeeze’ on social care budgets and the growth of the ageing population, planning for later life has never been more important – because the ‘risk’ of living longer, but in poorer health, has become greater.
Living longer is what most of us might wish for, but this can mean that you are likely to need some type of care in older age. The number of people eligible for local authority support, or funded by the NHS Continuing Health Care budgets, is also reducing so more people are having to pay their own fees, ‘top-up’ the local authority contribution, or entirely ‘self-fund’ to receive the care facilities they want. Sometimes – and wherever possible – these costs will be incurred in relation to domiciliary care services (i.e. those delivered in your own home).
Residential care can be very expensive though and many people prefer not to think about what would happen if their money runs out. We can help you, or those looking after your best interests, to make the right decisions at what can often be an anxious and unsettling time.
Wealth Manager, John Griffin is specifically qualified to offer much-needed advice if you, or the people close to you, are facing this situation.
John is an accredited member of Society of Later Life Advisers (SOLLA) – a not for profit organisation which helps people and their families find trusted accredited financial advisers who understand and specialise in later life financial needs.
As a regulated qualified Later Life Adviser, John offers an initial no cost consultation to assess your position. He will let you know whether we can help and, if so, what we can do. During this initial consultation, he will gather as much information as possible, including the financial position of the person requiring care, all the funding options available and the benefits they or you may be entitled to but are possibly not receiving.
Importantly, the earlier we talk to you the better as once capital has eroded by any degree it becomes more difficult to provide workable solutions.
If you, or your loved ones, need the added reassurance or practical help and guidance in handling your finances when needing care, please contact John on 01603 760 866 or email john.@sgwealthmanagement.co.uk