Life Events — Care
There comes a time when it is no longer possible to do the things we want to do due to frailty. That does not necessarily mean that we no longer have choices.
As long as we are alive we should still be able to decide where and how we live.
It does however depend, more than at any other time in our lives, on how much we can afford. Money can make the difference between continuing to live in your own home, with good quality professional care or the support of a loving friend or family member and being moved to a place that is more convenient for others but not necessarily for you.
An over burdened social security system is geared to provide for those who have needs but few financial resourses.
For anyone who owns their own home and has more than £21,000 in savings, it is generally possible to retain choice and keep control of your financial affairs. About the cost of care.
REPORT HIGHLIGHTS THE PROBLEMS OF LONG TERM CARE
Synopsis: CSCI publishes a report on the state of long term care.
Here we suggest some solutions to tackle the issues raised in the report.
Go to this article here
- Providing an emergency fund
- Building a financial cushion
- About life assurance
- Clearing debts when you are too sick to work
- Receiving an income and clearing debts when you are ill
- Pension sharing in divorce
- Minimising the Inheritance Tax bill
- Paying for personal care or nursing for an older family member
- Read our client's stories
