Long Term Care Planning
Ward Goodman brings clarity, compassion and experience to long-term care planning, helping you make informed decisions that protect your financial security.
- Expert guidance on long-term care planning and managing future care costs.
- Understand options for funding care, protecting assets and preparing for later-life needs.
- Free, no-obligation consultation at our Dorset office or online to get started.
Plan for Tomorrow with Expert Long-Term Care Planning
Planning for long-term care is an important part of later-life financial security. At Ward Goodman, we help individuals and families plan for care costs, ensuring financial resources are structured efficiently to meet future needs.
Whether care is required at home or in a residential setting, our financial planners provide tailored advice to help fund care while protecting wealth where possible. We assess available options, including savings, investments, and potential state support, so you can make informed decisions with confidence.
We support clients across the UK, with offices in Ferndown and Shaftesbury, offering both face-to-face meetings in Dorset and remote consultations nationwide.
Meet Our Long Term Care Planning Experts
Our long term care planners are committed to delivering personalised services, ensuring your financial needs are met with expertise and confidence.
Our Long Term Care Planning Services
Care Home Fees Planning
We provide expert guidance on funding care home fees, helping you structure your finances effectively to cover long-term care costs.
Income Generation
We explore financial strategies to generate additional income, ensuring you have the resources to support care expenses without depleting savings.
Savings and Investment Advice
Our planners help you manage your assets and investments to ensure long-term financial security while covering the costs of care.
Estate and Wealth Preservation
We help you structure your finances to ensure your wealth is preserved while meeting long-term care costs, allowing you to pass on assets to loved ones in a tax-efficient manner.
Frequently Asked Questions
Long-term care planning can feel complex. Below we answer the most common questions about care costs, funding options, and how to plan ahead with confidence.
How much does long-term care cost, and how can I fund it?
The cost of long-term care varies depending on the type and level of support you need. Funding can come from personal savings, pensions, investments, and potential government contributions.
What financial support is available for long-term care?
You may be eligible for local authority funding or NHS Continuing Healthcare, depending on your needs and financial circumstances. We can guide you through the application process.
Can my investments help cover care home fees?
Yes – a well-structured investment strategy can generate income to help meet care costs. We offer tailored investment advice to support ongoing financial stability.
How can I protect my assets while funding care?
Careful planning can help manage care costs while preserving your estate. This may involve trusts, gifting strategies, or other wealth protection measures.
When should I start planning for long-term care?
Starting early gives you more funding options, including tax-efficient savings and investments. Early planning also reduces the risk of financial pressure later in life.
Is long-term care means tested in the UK?
Yes – local authority funding is means tested, taking into account your income, savings, and assets, including in some cases the value of your home.
What is NHS Continuing Healthcare?
NHS Continuing Healthcare is fully funded care for people with significant ongoing health needs. It is not means tested but eligibility is based on a detailed health assessment.
Can I use my home to fund care costs?
Yes – you may be able to sell your home, use equity release, or rent it out to generate income for care fees. Professional advice is recommended to weigh the pros and cons.
Are there tax benefits for long-term care planning?
Certain savings and investment strategies may offer tax advantages, helping you retain more wealth while covering care costs.
How do I choose the right care home?
Consider location, quality ratings, facilities, staff ratios, and cost. Visiting in person and speaking with residents and families can help you make an informed choice.
How Our Long Term Care Planners Can Help
Long-Term Care Financial Planning
The cost of long-term care can be significant, and planning ahead is crucial. Our specialist financial planners provide expert guidance on structuring your finances to cover care expenses efficiently while maintaining financial stability.
Funding Care Home Fees
We help you understand the different ways to fund care home fees, including investment strategies, savings, and state support. Our team can assess your assets and income to develop a personalised care funding plan that aligns with your needs and circumstances.
Income Generation for Care Costs
Additionally, we offer advice on income generation to help supplement care costs and ensure ongoing financial security. Whether through pension withdrawals, investment returns, or other financial solutions, we work with you to create a sustainable plan that supports your long-term well-being.
Sustainable Care Funding Plan
We work with you to create a sustainable plan that supports your long-term well-being and ensures ongoing financial security during your care.
The Process
Initial referral or inquiry
Whether you’ve been referred or inquired yourself, our team will reach out to you in a timely manner
Free consultation
We offer a no-cost, no-obligation meeting at one of our offices, or over the phone
Quote and setup
We’ll provide you with a tailored quote and when you’re ready, our tax advisors will begin services
Book a Meeting
If you would like to discuss further, please book a meeting with an experienced member of our team. Simply let us know when’s best for you and we will get in touch to arrange a suitable time.
Why Choose Ward Goodman?
Client satisfaction is paramount to us. We have a broad range of clients, and we endeavour to offer them the best tax planning service possible through continuous improvement and focus on doing things right the first time.
Experienced Advisors & Accountants
Our Dorset-based team can advise and support any size of business locally or nationwide.
Bespoke Financial Advice & Tax Planning Service Packages
Flexible, bespoke service covering all aspects of tax planning.
Access to a Full Team of Finance Experts
From our Financial Advisors to Pension Advisors.
Our Awards and Accreditations
Ward Goodman’s excellence in accounting and tax advice is validated by notable awards and accreditations within the UK financial industry.
AAT Qualified
Xero Certified
ICAEW Membership
Partnerships
Other Services You May Be Interested In
Expert guidance on setting up and managing trusts, ensuring they are structured correctly to provide tax efficiency, asset protection, and financial security.
Our investment planning services are tailored to help you maximise returns while managing risk.
Our pension and retirement planning services are designed to help you secure a comfortable and financially stable future.
We provide expert financial advice to help you secure the most suitable and cost-effective finance solutions for your property goals.
