Estate Planning

Planning For Long-Term Care

It’s an unfortunate reality that one in three people will require some form of long-term care as they age. Factors such as increased life expectancy, fragmented families, and a higher prevalence of degenerative diseases are driving the growing need for care. At the same time, care providers face tighter budgets, and local authorities are becoming more stringent in their funding decisions.

This highlights the importance of planning ahead. Effective long-term care planning, including setting up Lasting Powers of Attorney, creating trusts, and documenting your care preferences, must be done well in advance. Delaying these decisions can result in missed opportunities and complications later on.

Long-term care planning goes beyond just arranging for care homes; it encompasses designating decision-makers if you’re unable to make decisions yourself, ensuring others understand your preferences, and protecting your home and assets for future generations. Most importantly, it’s about addressing your unique circumstances and needs with a plan tailored specifically to you.