Time will tell

Posted on Jan 08, 2019

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Christmas is traditionally a period we spend time with our loved ones and, in addition to being magical, it can also lead to some fairly major family upheavals… According to government figures, 13 people applied online to divorce their partners, with 455 applications lodged in England and Wales between Christmas Eve and New Year’s Day…

While spending extended periods of time together can be the final straw for some… it’s also a time when we might notice that our elderly relatives simply aren’t coping as well as they had been previously. Even if we see our relatives regularly – popping in for a cup of tea perhaps – those extra few hours over Christmas could be time that we notice they aren’t quite as agile either physically or mentally as they were. 

Since we’ve returned to work after Christmas here at The Goodman Partnership, we’ve already had some phone calls from concerned relatives asking for some initial advice about the way forward regarding care fees.

As we are all living longer, there is a likelihood that you – or somebody close to you – may need care in the future. So, it makes sense to put some plans in place. The earlier you start to think about this and, ideally, begin to seek specialist financial advice, the better. 

Very often people end up leaving this decision until there’s an emergency situation and then there’s additional pressure to do things quickly – perhaps an elderly relative is being discharged from hospital and going back home isn’t an option anymore. 

Two of our Partners are SOLLA accredited and therefore well-placed to provide advice on funding for long-term care. SOLLA is a not for profit organisation and aims to assist consumers and their families in finding trusted accredited financial advisers who understand financial needs in later life.

A client recently told us: “Deciding on care arrangements for an elderly relative can very often by an emotional and stressful time, so when we were recommended The Goodman Partnership and told about the option of a long-term care fees annuity, it seemed an idea worth exploring. Choosing this option has given us certainty and peace of mind.”

“The service from Andy Kirk at The Goodman Partnership was excellent. He was very efficient, knowledgeable and reassuring at all times and answered all queries promptly. Once a decision had been made as to which option to follow, Andy and Jada Kwong arranged everything quickly and with no problems or delays. I would have no hesitation in recommending The Goodman Partnership to anyone looking for long-term care options for their relative.”

At The Goodman Partnership, we’ll make you aware of the various options, including what State benefits you might be eligible for, as well as explaining clearly how the options work and help you to reach an informed decision that you feel happy with. Click here or give us a call on tel: 01892 500 600.

 

 

 

 

 


Goodman Chartered Financial Planners is a trading name of Fairstone Financial Management Ltd. Fairstone Financial Management Ltd., is authorised and regulated by the Financial Conduct Authority – FRN: 475973 Registered in England and Wales no: 05574120. Part of the Fairstone Group. Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: www.financial-ombudsman.org.uk.