Key Retirement Solutions launches care fees planning service
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Key Retirement Solutions is to launch a care fees planning service in conjunction with live-in care specialists Helping Hands.
The service, which is set to launch in September, aims to ensure those needing care and their families receive the right advice and guidance before they start paying for domiciliary care.
It will help customers review their existing income and capital, before exploring further options including maximising investments, equity release and immediate needs annuities.
Key Retirement Solutions’ estate planning team will also provide will writing services and can arrange lasting power of attorneys for clients and their families.
Dean Mirfin, group director at Key Retirement Solutions, says while the recently-published Dilnot report has turned the spotlight on long-term care, his firm and those receiving care cannot wait for legislation.
He says: “Families and people receiving care need help now which is why this service is crucial.
“The service is about providing information and choice at an important time, and is relevant for those about to be, or who are already, receiving care.”
Lindsey Edgehill, managing director at Helping Hands, adds: “The right advice and guidance is critical and the funding of long-term care is a significant consideration for everyone affected.
“People need a path through the complexities of care fees planning and legal considerations at what is a tough time and our partnership is aimed at addressing this issue.”
The care fees planning service will offer a free initial consultation and provide a full report outlining all options which may involve offering equity release.
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