Eldercare Solutions
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Eldercare Solutions
Eldercare Group provides specialist, jargon-free advice about long-term care home funding. Eldercare Group offer two core services: qualified financial advice to those looking at long-term care home funding options, provided through the team at Eldercare Solutions, whilst Eldercare Property Partners can assist with all aspects of selling a property to move into care.

Families have been benefiting from our advice and experience for over 15 years. We have won many awards over the years and all our advisers are members of the Society of Later Life Advisers (SOLLA). We are the Preferred Partner for care funding advice for many Care Providers and our advice can be accessed throughout the UK.
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Our Managing Director, Nicky Cave, starting advising families about their care funding options back in 2002 after her grandparents had to move into care and the family received no advice about their options. The family home was sold, all the proceeds spent on care and only subsequently did Nicky find out that there were alternatives.
Paying care fees is expensive for both residential care in a care home and care services in your own home. The care system can be complicated and difficult to find your way through and research suggests the majority of people receive insufficient advice about how care fees can be funded.

The bottom line is that the vast majority of people who have to meet their own care costs are unlikely to be able to do this without using up at least some of their assets.The most common approach for funding any 'shortfall' between existing income and care costs tends to be to simply draw down what is needed each month from savings, and perhaps property sale proceeds, and hope that these do not run out completely.
First and foremost, Eldercare is here to provide advice, support and guidance for self-funders because research suggests that about 85% of those having to meet care fees themselves either get no advice or they receive advice that does not include information about all their funding options. If you are unsure whether or not you will be classed as a self-funder, please get in touch and we can tell you.
Very broadly speaking, if you have assets above 23,250* then you will be classed as a self-funder which means that you will have to cover any care costs in full yourself. You can still claim Attendance Allowance and you may also be offered some financial support by your Local Authority if your property is your main asset.
Purchasing a care fees annuity (sometimes referred to as an 'immediate needs annuity') is a genuine alternative to meeting care costs directly from capital or investments. These are plans which have been specifically designed to take into account the age and state of health of an elderly person who requires personal or nursing care.
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