Planning for future care can feel overwhelming, particularly when it comes to understanding the financial implications. Many families worry about how to balance high-quality care with safeguarding their assets and protecting the legacies they wish to leave behind. To help provide clarity, Loveday is hosting a virtual talk:
Care Funding Made Clear: Know Your Options
Date: 18th September at 11am
RSVP: Loveday@belgraviaandco.com
This informative session will explore the different ways to prepare for care costs and make confident, informed decisions. Key topics include:
- Understanding What Care You Can Afford
Taking the time to review your financial situation is the foundation of planning for long-term care. This involves assessing your savings, income, investments and property to work out what level of care is affordable without compromising your overall financial wellbeing. Knowing your options early gives you more control and allows you to plan for the type of care that best suits your needs. - Exploring State Assistance Options (even for self-funders)
Many people assume that if they are paying privately for care, they are not entitled to any State assistance. However, there are a number of schemes and benefits that may still apply. Understanding these entitlements can ease the financial burden and ensure you are not missing out on valuable assistance. - Strategies to ringfence legacies for family members
One of the biggest concerns for many individuals is how care costs will impact what they leave behind for loved ones. There are legal and financial planning strategies that can help protect and preserve your legacy, ensuring your wishes are honoured. Professional advice is invaluable here, as the right approach will depend on your personal circumstances. Taking early action can give both you and your family peace of mind. - How a Care Fees Annuity can support and protect your future care plans
A Care Fees Annuity (also known as an Immediate Needs Annuity) is a specialist financial product designed to provide a guaranteed income for care fees for life. By securing predictable and reliable funding, this option can safeguard against the risk of outliving your resources, offering stability for both you and your family. It can also free up other assets to be preserved as part of your estate.
By addressing these important areas, the session aims to empower individuals and families with practical knowledge and a clear sense of direction. Care planning is not only about managing costs, it is about ensuring choice and peace of mind for the future.
Please RSVP today to confirm your attendance.
