Last week I attended a two day course on Long Term care planning and had the opportunity to hear from some of the providers that we work with to help our clients with planning for immediate long term care needs for their family members.
Few of us will make major financial decisions without consulting an experienced and
professionally qualified adviser. For example, when arranging a mortgage or
planning for retirement most of us will have taken the advice of an expert. It’s
amazing to consider that when it comes to paying for long term care there is so little help and advice available; and yet for many families this will be one of the most expensive
commitments they make.
It was very interesting to see that we could help family members in all sorts of ways when considering long term care planning, including:
- The ability to introduce clients to the services of Solicitors for the areas of wills, trusts,* lasting powers of attorney and other legal advice.
- Reviewing the immediate needs annuities available.
- Giving consideration for investment or income opportunities.
* Please note that advice in relation to Wills, some trusts and Lasting Powers of Attorney will be separate and distinct to the services provided by St. James’s Place and are not regulated by the Financial Services Authority.
