Long term care planning can be very difficult and achieving the right decision for you and your family can be tough.
If the local authority decides that you have eligible care needs, they’ll carry out a financial assessment to work out how much you have to pay towards the costs of care.
The amount you pay will depend on your income, savings, and assets, and, if you go into residential care, might include the value of your home.
If you have to contribute towards the costs of long-term care, there are many ways to pay for it and it’s important to look at each one to see whether it’s right for you.
Whether you’re planning ahead for long-term care, or you need to find a solution urgently, it’s a good idea to talk to a specialist financial adviser.
We at CRS Consultants Ltd are able to work together with you; care home providers and other professionals such as solicitors and accountants to provide a complete service.
Contact our long-term care specialist, Clive Steggel (Solla) for specialist advice.