Long-term care Planning

According to AgeUK there are “there are 14,570 centenarians in the UK, a 65% increase over the last decade. Of these, an estimated 800 are aged 105 and over, double that of 2005.”  “ Nearly one in five people currently in the UK will live to see their 100th birthday”.  Read the full report here.

This has implications on long-term care which is something at Beaufort Wealth Management, we are increasingly discussing with our clients, both in terms of their provision and planning for their parents.  There is a balance in ensuring sufficient funds to finance the provision of long-term care, enjoy the present and still bequeath the legacy you’ll like for beneficiaries.  This is why regular reviews and cash flow planning are important.  We are able to work through the consequences of different options, with clients giving them a clear understanding of their implications so they can make informed choices with peace of mind.