Expert long-term care financial planning
With longer life expectancy comes the greater likelihood of requiring care in old age, either at home or in a care home. Whether you’re considering your own potential needs or making arrangements on someone else’s behalf, it’s vital to get independent long-term care planning advice from qualified experts.
Our wealth planning team includes chartered and certified financial planners, fellows of the Personal Finance Society (the highest qualification awarded by the Chartered Insurance Institute) and advisers accredited by the Society of Later Life Advisers (SOLLA).
Certain members of the team hold an award in long-term care insurance – a formal regulatory examination required for an adviser to provide advice on long-term care planning. Our personal wealth planners are also truly independent, meaning they are not tied to any specific provider (not even us), so you can be confident they will always act in your best interests.
Specialist long-term care planning service
Your dedicated personal wealth planner will work closely with you and your other trusted advisers, such as your solicitor and/or accountant, to create a plan designed to maximise your income for care home fees, while maintaining your capital tax-efficiently for inheritance purposes and to see you comfortably through the rest of your life.
This will include:
- Lifetime cash flow modelling – looking at your current wealth along with your income and trying out different scenarios to see how they might work to pay for long-term care
- Detailed wealth plan - comparing this cash flow projection with your current situation, to develop a clear strategy to help pay for your later life care and look after your financial future
- Tax-driven investments - showing you how much income you could receive from investing your money, minimising your tax liabilities, and allowing for inheritance tax (IHT) issues that might affect your family
- Seamless personal service – managing the entire process for you, including liaising with the product providers, sorting out all the paperwork and keeping you updated on our progress. We can also offer probate services to help with estate administration.
Other wealth planning solutions
Comprehensive wealth planning
A full review of your finances, leading to a personal wealth management plan.
Inheritance tax services
Expert advice on how to mitigate IHT and effectively transfer wealth to the next generation.
Bespoke planning, pension advice and cash flow modelling to help you achieve the retirement you want.
Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.
The tax treatment of all investments depends upon individual circumstances and the levels and basis of taxation may change in the future. Investors should discuss their financial arrangements with their own tax adviser before investing.
The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity.
More on long-term care planning
Our financial planners and investment managers invite you to join us for our ‘12 days of Christmas with CGWM’ for our festive financial top-tips. For each of the first 12 days of December, we’ve unwrapped a financial top-tip to help you manage your finances over the festive season and beyond.Read more
In this article, we look at the benefits of gifting your surplus income to family members and how this can help reduce inheritance tax.Read more
Some of our wealth planning experts
If you would like to know how our independent wealth planners can help, please get in touch. We would be delighted to provide more details of our services.
How can we help?
If you would like to know how we can help with your investment management, wealth or financial planning needs, get in touch. We will be delighted to provide more details of our services.
Investment involves risk and you may not get back what you invest. It’s not suitable for everyone.
Investment involves risk and is not suitable for everyone.