Looking After Long Term Care

About 1 in 3 people will need some provision for long term care, generally towards the end of their lives.

Too often this is a forgotten aspect of financial planning and the regulatory authorities now insist upon the necessary qualifications to enable not just the appropriate advice to be provided but also the consultations required with relatives and those providing care facilities.

Broadly, financial planning for long term care takes the form of either pre-care planning or immediate care planning to efficiently fund the fees. In both cases the benefits for both Patient and family can be significant.

An increasing proportion of our national population is over the age of 65 and the State is by and large unable to cope or finance the needs of an increasing elderly population finding it difficult to take care of themselves.

From a financial planning perspective therefore it is important to have an understanding of and sympathy with the needs of families with increasingly elderly and frail members. We are able to advise and structure plans to meet individual circumstances.