The cost of later life care is one of the biggest financial risks most families face — and one that rarely gets planned for in advance.
Residential care in the UK costs upwards of £50,000 a year. For nursing care, that figure is often higher. And unlike most financial risks, the need for care is both unpredictable in timing and potentially open-ended. Local authority funding thresholds are low, and many families find they are largely self-funding.
Planning ahead does not mean expecting the worst. It means ensuring that if care is needed — for you, or for a parent — the decisions have been thought through in advance rather than made under pressure.
What we help with
Understanding the funding rules — what the state will and will not cover, and under what circumstances. Reviewing your assets and income to model how different funding scenarios would play out over time. Advising on financial products designed specifically for care fee funding, including immediate needs annuities. Helping families plan ahead so that care, if needed, does not create unnecessary financial disruption to the wider estate. Supporting adult children who are navigating care decisions for an ageing parent.
Timing
The earlier care fee planning begins, the more options there are. Arrangements put in place calmly, in advance, are almost always more effective than decisions made in the middle of a crisis. This is an area where getting advice early genuinely makes a difference.
Ready to talk?
Call us on 028 9590 9717 or email hello@foursquarefm.com — we are happy to have an initial conversation about your situation with no obligation.