As we grow older, the cost of long-term care is something that many of us begin to worry about. Spending just four years in a residential or nursing home can cost over £114,000, an expense that can quickly work through your life savings. Looking at numbers in this size is enough to make any individual panic.
It comes as no wonder then that the prospect of paying for long-term care can cause unneeded worry and stress to a lot of people. But, by planning for long-term care and speaking to specialist financial advisors, such as the team here at Burton & Fisher, you can help ease your concerns and address any worries.
Specialised Later Life Financial Advice
If you’re financially planning for older clients, especially the vulnerable or ill, it is a very specialised area whom only the specifically trained can help you with. If you’re seeking the best possible advice, you should speak to an independent advisor who holds the “CF8” long term care qualification, and who is also a member of the Society of Later Life Advisors (SOLLA).
It must be noted that most tied bank advisors don’t have this qualification, and may actually, in fact, be sales people operating on a commission-only basis.
Why Choose Burton & Fisher
Here at Burton & Fisher, we house numerous financial advisors all of whom are independent, trustworthy and professional, giving you expert specialist advice that can help put your mind at rest. With us, rather than paying commission for your advice on long-term care, you will have the option to pay a fee for your advice, whilst getting a report which explains in detail the reasoning for the information you have been provided with.
With this, it ensures everything is completely transparent and honest, as we give you reliable advice and peace of mind. We make sure that we help you understand what your options really are, so you can make properly informed decisions on your future.
If you are looking at planning for your long-term care, speak to one of our independent CF8-qualified financial advisors about your arrangements for long term care planning finance. Get in touch with us today to arrange an appointment at our Lancaster or Morecambe offices.