Long Term Care Planning
Beckworth Financial Services Ltd is a local firm of Independent Financial Advisers who spend considerable time trying to help meet the financial needs of clients in, or going into, Residential Care Homes.
As an example, Beckworth's core activities include:-
- Assessing the income "needs" of the resident.
- Planning a portfolio to potentially provide sufficient income to cover the Care Home's charges.
- Helping the client through the maze of alternative investments available such as Individual Savings Accounts (ISAs), existing Personal Equity Plans (PEPs), Bonds and Annuities.
- Trying to protect as much of the client's capital as possible with the aim of ensuring that there will be sufficient to maintain the care that is needed and ideally so that the capital does not run out.
- Trying to preserve as much of the client's Estate as possible.
- Where necessary, working in conjunction with the client's Solicitors.
Past performance is not a guide to future performance. The value of an investment can go down as well as up and income from the investments can fluctuate (this may partially be the result of exchange rate fluctuations) and investors might not get back the full amount invested.