Planning ahead for your future
The future can be difficult to predict. However, shifting demographics and rising life expectancy means that increasing numbers of us may have to rely on nursing and residential care in the future.
State funding is limited to those who need it most, and you may be concerned – as many people are – about your ability to pay for your future care. If you need residential care, all of your income (pensions, interest on savings, dividends etc.) apart from a small amount would be used to pay the care home fees.
You would also have to pay the extra amount from your capital, until it is reduced to the upper limit when local authority help is available.
Residential care planning
At Nelsons we can ease the worry of residential care fees by helping you with your residential care planning. Our team of experts specialise in helping people take the right steps now to safeguard the future for them and their loved ones.
We can advise on the many options available, including:
- Transferring ownership of your property
- Inheritance tax planning
- Powers of Attorney
- Updating your will
- The creation of trusts
- State benefits
- Immediate needs care plans
- Investment advice and management
- Existing saving and investments
- NHS care fee funding applications and disputes
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