We specialise in independent financial planning for people paying nursing home fees.

Paying the fees from capital from a bank or building society account is the natural way to pay fees, however there are other ways to find the money from capital that can save a considerable amount of money ( protect your wealth): this requires specialist independent financial advice.

A Care Fees plan may be appropriate in your case.

The procedure we follow is:

1. Existing capital and income: check this is correctly stated.
2. Current health assessment and medication.
3. State Benefits: have these been applied for?
4. Enduring Power of Attorney: is one in existence?

When the above have been established we will provide a written report which will show how long the capital will last if taken from a deposit account; in addition two or three other options will be shown; including a personal Care Fees Plan and drawing the fees from high income financial products.

A Care Fees Plan will guarantee the payments for life and include increases each year: once established there is no further capital required and remaining capital can continue to grow. The terms of a Care Fees Plan will be individually underwritten and unique to your own situation.

Sometimes clients prefer to mix the recommendations to their personal satisfaction after considering the report.

In the case of a property it may not be necessary to sell it to release capital: there are several equity release schemes available which may help; one of these allows income to be taken on a monthly basis.

In the first instance you might like to speak to us on the ‘phone using our Freephone number 0800 027 4050 or leave a message for us on our website ‘Quick Contact’ button: a full enquiry can be completed online (this may require you to make more than one contact as the information required is extensive, let us have what you can first time; if you have approximate answers to questions 1,2,3,4 above you will be able to complete the questionnaire).