Expert Long Term Care Planning in Dorset
Planning for long-term care is an essential part of financial security in later life. At Ward Goodman, we help individuals and families navigate the complexities of funding care, ensuring your financial resources are structured efficiently to meet future needs.
Whether you or a loved one requires residential or in-home care, our financial planners provide tailored solutions to cover care costs while preserving wealth. We explore various funding options, from savings and investments to government support, helping you make informed decisions about your long-term financial well-being.
With expert advice, you can ensure you have the financial security to access the right care when you need it, without placing unnecessary strain on your family’s finances.
Ward Goodman has offices in both Ferndown and Shaftesbury, making it easy for clients across Dorset to access expert long-term care planning advice. Our local teams understand the financial challenges associated with care funding and are here to support you with face-to-face or remote guidance every step of the way.
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.
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.
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.
Frequently Asked Questions
Planning for long-term care is an essential part of financial security as we age. Whether you’re exploring care options for yourself or assisting a loved one, understanding how to fund care costs effectively can make a significant difference. A well-structured financial plan ensures that you have access to the right level of care without unnecessary financial stress. With expert guidance, you can safeguard your wealth while securing the support you need for the future.
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.
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
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