Choosing the right care home is such a huge decision that how you will pay for it may seem just one more problem at a time when there is so much else to consider.
The funding of care is however of fundamental importance. If you have found the care home which is right for yourself or a loved one, or found a care provider who understands your needs it is important that you can feel confident that the financial implications are understood and budgeted for to ensure long term security and peace of mind.
Getting specialist financial advice at the right time will ensure that the right financial decisions can be made.
A good financial adviser will be able to help you look at your finances and plan for the costs of care both now and in the future. They will have an understanding of how the care system works and how to access any other sources of funding that may be available to you in addition to your own income and assets. Importantly they can help you to look at all your financial circumstances and plan ahead with confidence.
The Society of Later Life Advisers (SOLLA) is a not-for-profit organisation which links people needing care funding advice with specialist independent financial advisers who have achieved the Later Life Adviser Accreditation.
These advisers are not only highly qualified and experienced but, as importantly, they all have an understanding of both the care system and the unique challenges that face people who are making these important decisions. They appreciate that the choices you make will have far reaching implications but also that they may have to be made in crisis situations and often on behalf of others. They all have an understanding of the particular issues that arise when using Powers of Attorney and perhaps having to involve the Court of Protection.
SOLLA advisers have the “people skills” and knowledge to guide you through the funding of care and help you make the right choices.