Later life and long-term care planning
The needs of the older generation are as varied and individual as people themselves, and the solutions to these needs will be just as wide-ranging.
Being prepared
Caring for older loved ones or needing care yourself can be complicated and emotionally challenging. Our financial advisers can guide you on the best possible route for later life and long-term care.
One route may be investing. A well-structured investment portfolio can be a reliable way of generating income, with the expected returns offsetting some of the costs of care. It ensures that your money is working harder than keeping it as cash, and can deliver a more gradual reduction in your capital.
An alternative route is protection with an Immediate Needs Care Plan. This effectively provides a guaranteed income for life, which is tax-free if it is paid directly to a registered care provider. This can help to cap the costs of care and protect your remaining capital, which can be beneficial if you want to be able to pass on wealth to your loved ones.
Calculating the costs
We’ll calculate how much money will be needed for long-term care, and when it will be needed.Setting up Wills and POAs
Working with solicitors, we’ll help ensure trusted friends and family can make decisions on your behalf, and that your wealth is passed on as you wish.Navigating the system
Working with trusted partners, we can support you with understanding the care system, review state benefits, and undertake financial assessments.Book your free initial chat
Ready to start planning for a brighter financial future? Book now for a free, no-obligation chat with one of our independent financial advisers.
book nowWhy choose us?
Our clients explain why they trust Flying Colours for financial advice, and why they’ve continued to work with us over the years.
