Too many people move into care homes without taking appropriate Financial Advice because they don’t know where to get it. When paying for care, seeking advice is easy and vitally important and will help you achieve real peace of mind. A good advisor will help you consider your options but will not push you into doing something that is not right for you.
Running out of money – A big concern for many is losing the ability to pay for care, not normally an issue with charities but often is with other organisations. Understand before moving in!
Getting all your benefits – Attendance Allowance, FNC or other allowances can be a minefield if nobody explains them to you.
Financial advice – As part of the bigger picture they will support you with inheritance tax, capital gains and other investments.
Selling your home – Often the main source of care funding but there may be other options: renting, equity release etc.
12 week disregard – If you have a house to sell but no cash to pay for care the Local Authority will help you, but you need to know your rights.