In old age, you might need care assistance. The Government supports the idea of providing care for individuals in their own home, but this can be expensive and you may need additional income or a lump sum. Releasing equity on your main asset – usually your home – is an option worth considering.
When an individual needs care, sometimes the family will need to make prompt financial decisions. They may be unsure of state entitlements (and which are means tested and which are not). They need help, and we can provide specialist advice when asking the essential questions:
- What are current income levels?
- Can this be supplemented via investment or rental income?
- Is dipping into savings an option?
- Have they considered care annuity and/or equity release options?
Get in touch and we can help to put you in touch with the Planner who is right for you. There are many ways you can contact us. Call or email for general enquiries, for something more specific use our enquiry form.