• Financial Care Solutions
  • About You
    • Retirement Planning
    • Later Life Planning
    • Care Fees Planning
  • About Us
    • Our fees
    • Care Planning Guides
  • News
  • Get in touch

Call me on 01737 321 206

catriona@financialcaresolutions.co.uk
Secure client login
Financial Care SolutionsFinancial Care Solutions
Financial Care SolutionsFinancial Care Solutions
  • Financial Care Solutions
  • About You
    • Retirement Planning
    • Later Life Planning
    • Care Fees Planning
  • About Us
    • Our fees
    • Care Planning Guides
  • News
  • Get in touch

Who cares about care?

15/12/2020 Posted by Catriona Lumiste Later Life Planning

A Guide to Care OptionsIt’s not easy going through the experience of finding the right care for a loved one.

It is an emotional time which involves lots of decision making and feelings of being overwhelmed, and a complicated system to navigate as you embark on the care journey.

A common theme I find is that people are concerned about making decisions around the right type of care and the cost that comes with it, which is often the most expensive time in later life.

Nobody wants the money to run out; not loved ones, family or care providers. So it is essential to consider the financial aspects and the likely care journey together so that sustainable decisions can be made at the outset.

If the choice of care made is not sustainable and the family cannot afford to top up the care costs when the money runs out, the care arrangements are likely to be reviewed, and a move to a cheaper care provider may be necessary.

That move can be hugely upsetting for families and detrimental to the health of the loved one in care.

Many people have said to me in the past; they don’t think their loved one will survive too long at the point where they have moved into care.

However, it is often the case that loved ones can outlive these expectations because moving into a good quality care setting means they are so well cared for.

Moving into residential care means relatives are stimulated, medication administered is correctly, and on time, they are well hydrated and receiving quality food and nutrition in the care environment.

So where do you start when it comes to thinking about care for a loved one?

I have published a guide to care options which I hope will help!

It covers the key areas you need to think about when planning, arranging and funding long-term care needs.

Within the guide, you will find everything from how to get a care needs assessment, support for carers, welfare benefits, local authority funding, NHS funding and if you need to sell your home to pay for care costs.

My top 3 tips for anyone thinking about or helping to arrange care for a loved one:

1 – Plan early if possible or at least consider what your loved one’s wishes would be and discuss with the wider family and Lasting Power of Attorney – that way if a crisis happens it can reduce the overwhelm of making those decisions during a crisis.

2 – Have an idea of the cost of care and how it could be funded before you sign the care contract – don’t address care and money separately. Making independent provision for care needs gives freedom of choice in deciding on the timing, location and type of care received.

3 – Ensure your later life affairs such as legal, financial and long-term care planning are in order, and this will mean less stress for everybody.

The most successful plans are those that are worked on early as that usually gives more options and avoids running out of money and all the stress that goes with it.

Would you like to download my free guide to care options?

If you have any questions, do get in touch, or schedule a discovery call in my calendar.

The information contained in this blog post does not constitute advice or recommendations. You should seek independent financial advice before acting on any information on this website. ​
Share
0

About Catriona Lumiste

Catriona Lumiste is a Society of Later Life Advisers (SOLLA) Accredited Later Life Adviser and Care Fees Planning Specialist.

You also might be interested in

Planning for my future has always been important

Planning for my future has always been important

Jan 21, 2015

Helen Center is 79 years old and has just downsized[...]

What’s the optimum age at which to retire?
What’s the optimum age at which to retire?

What’s the optimum age at which to retire?

Oct 21, 2020

Retirement ages are on our minds at the moment, with[...]

What equity release customers really want

What equity release customers really want

Feb 14, 2020

What do equity release customers really want from the later[...]

Recent Posts

  • So, when is the right time for care?
  • Light at the end of the coronavirus tunnel
  • Lockdown can’t stop your retirement dreams
  • Who cares about care?
  • How people spend equity release cash
  • With Catriona’s calm and patient approach, she was able to untangle my mother’s finances, and guide her towards making the necessary decisions to simplify and consolidate her wealth. I would not hesitate to recommend her to anyone needing financial advice.

    Janet Aslett
  • Catriona has been excellent in helping me through the minefield of long-term care funding. She knows her stuff, her fees are transparent and explained, and she is extremely efficient – my emails and phone calls have always been returned quickly.

    Gill Fletcher
  • Catriona’s friendly but professional approach and her endless patience, often explaining things over and over was reassuring to us and as we have progressed with the financial planning, we found we were looking forward to and enjoying our meetings.

    Mr and Mrs T. Searle
  • Catriona is well versed in financial matters and combines efficiency with great warmth and compassion. She really is a pleasure to deal with and we have no hesitation in recommending her to anyone looking for financial advice in later life.

    Bill and Anne Watts
  • You simplified the process of getting the best deal for us by getting us to understand what was important to us and providing us with the options. It became less stressful and we always felt you had our best interests at heart.

    Ms S Crabtree

Contact Us

We're currently offline. Send us an email and we'll get back to you, asap.

Send Message
Let's talk about later life planning Schedule a call
Financial Care Solutions
Schedule a call

Get in touch

  • Financial Care Solutions Ltd
  • Abbey House, 25 Clarendon Road, Redhill, Surrey, RH1 1QZ
  • 01737 321 206
  • catriona@financialcaresolutions.co.uk
  • https://www.financialcaresolutions.co.uk

Society of Later Life Advisers

Financial Vulnerability Taskforce

Our latest news

So, when is the right time for care?

So, when is the right time for care?

24/02/2021

Planning for a care and support need is not usually high on...

Light at the end of the coronavirus tunnel

Light at the end of the coronavirus tunnel

28/01/2021

Nobody has escaped the impact of this pandemic; it has...

Lockdown can’t stop your retirement dreams

Lockdown can’t stop your retirement dreams

07/01/2021

January has always been the month to try and make New...

Financial Care Solutions Ltd is an Appointed Representative of Best Practice IFA Group Ltd which is authorised and regulated by the Financial Conduct Authority.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK.

Registered Number 720600. Registered in England No 09712439.

Registered Office Abbey House, 25 Clarendon Road, Redhill, Surrey, RH1 1QZ.

© 2021 · Financial Care Solutions Ltd | Privacy Policy | Legal Disclaimer | Terms & Conditions | Site by Bamford Media

Prev Next