Advice about paying for care home fees
It’s important to get professional advice on the best way to fund the cost of care and we suggest that you take advice from a care fees expert to make sure that you have explored all the options available to you.
In order to make life easier we have contacted a national care fees planning specialist, Symponia who are dedicated to the financial issues of later life, in particular the payment of care fees.
Through Symponia’s network of carefully selected and qualified financial advisers they offer you and/or your family member empathic, bespoke advice on the best way to fund weekly care fees. This approach ensures that not only are all our residents and their families aware of the legislation and how it works but they are able to explore all the financial options available to them.
It should be noted that brighterkind and Symponia operate completely independently with no commission or financial benefit to brighterkind as a result of your conversation or contract.
Peace of mind
Seeking advice from a care home fees planning expert could provide the reassurance that you have explored all the options available, confident that you have:
Investigated the best and most comprehensive way to fund the care fee
Investigated and understood the array of mainstream and dedicated financial products
Some of which aren’t available unless you seek specialist advice
Understood the legislation and how it applies to the person needing care
Claimed the appropriate State Benefits and/or NHS funding
Been able to fund the care wanted, not the care perceived to be affordable
The right advice and application of previously unknown solutions makes what may have been thought unaffordable a realistic choice
All funds have been utilised to the full and wherever possible shouldn’t run out
The Symponia handbook, which can be downloaded here gives a useful overview of the service that Symponia offer and includes case studies and practical hints and tips.
Your Next Steps
If you don’t already have a financial adviser experienced in these later life fee planning issues on how to fund the cost of care, you might be interested in meeting up with your local Symponia member.
The advice you get will also take into account whether you need nursing care or residential care, both of which are available at Westbury Court Care Home in Westbury near Bath. We suggest that initially you discuss the care home fees with our Home Manager who can then help you to arrange a meeting or discussion with the local Symponia member in the Wiltshire area at your earliest convenience. All first meetings are offered without cost or obligation.
You can contact the Care Home on: 01373 441 559
During the process they will guide you through legislation, take you through how this will affect you and your family and present you with a comprehensive report detailing all of your options.
Even if your final choice is to do nothing, at least you will have explored all the possibilities, and will have made a truly informed decision, whilst weighing up all the facts. We would much rather you explore all your options and dismiss them as unsuitable, than never know they existed in the first place.
The Symponia member available to provide advice to families and residents at Westbury Court in Westbury:
The Symponia member exclusively allocated to Westbury Court is Christine Morris.
“We are a small family owned and run business directly regulated by the Financial Conduct Authority. We have been advising private clients since 1983 and have grown solely by recommendations.
Quite simply we pride ourselves on building and maintaining long term client relationships. Typically we help clients to quantify their requirements and make the right financial decisions to protect their future and that of their family for years to come. Using their assets and income to best effect we help them create wealth, reduce and even avoid taxes, including inheritance tax, and make provision to help fund expensive long term care fees.
I am a director of the company and well qualified. I am chartered with the (CII) Chartered Insurance Institute and the CISI (Chartered Institute for Security and Investments) which demonstrates through education, examination, experience and ethics that I have the skills to provide a truly professional service based on client needs.
I am also a member of The Retirement & Care Faculty.
I graduated in 1998 with a degree in Business Studies, which majored in finance. Apart from two years with the British Council in Egypt, where I set up a business and computer school within the language centre, I have worked in financial services profession both in the UK and the Far East.”
All financial advisers within Symponia are not only authorised and regulated by the Financial Conduct Authority and they also hold the recognised long term care qualification of CF8 or CeLTCI.
Each Symponia member can meet with you or your relative at the care home if you prefer. Pop in to see our Care Home Manager and find out more.