With the advances in medical science life expectancy has increased substantially over the last few decades. This does not mean necessarily in those later years, that you (or your loved ones) will be able to look after yourself (or themselves) and Long Term Care may be required.
Although the government would like to provide care as part of the welfare state it simply cannot afford to do so, as witness the news headlines from time to time. Anyone with even modest assets will be required to contribute to their care.
The cost of care varies throughout the UK and can run into many tens of thousands per year. Knowing how to provide for care is important to many of us, especially those who have seen parents and grandparents struggle.
At Ashwood Law Wealth Management we have advisers who can help you plan for this rather complex area.