What happens if care is required during old age? Will the children take care of the cost? What about the state, will they help?
Long Term Care planning is all about establishing ways to cover all or part of the cost of any care that may be needed now or in the future. Long term care becomes necessary when a person suffers a disability that makes them unable to continue to maintain their standard of living and this disability is likely to continue over the long term. The harsh fact is that a person in these circumstances will probably have to pay for it themselves or at least contribute to the cost. The care required may be in a home or at home.
For information about wealth management please visit Frederick Charles Wealth Management Ltd, a representative of St. James’s Place Wealth Management – https://frederickcharleswealthmanagement.co.uk/. Hoskin Financial Planning Ltd introduces to St. James’s Place Wealth Management plc which are authorised and regulated by the Financial Conduct Authority.
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Hoskin Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority number 613005.
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