Funding Your Care
Stone King Solicitors and Fidelius Ltd, together will ensure you receive all the specialist legal and financial advice you need to help you or your loved ones receive care now or in the future.
Funding care often means balancing choice, control, independence, and lifestyle. Talking about how to fund care can be daunting, but having that early conversation with the right specialist adviser is the key to finding peace of mind.
Many people start by paying for care simply by using their income and savings because they are unaware of the specialist funding choices available to them. Together, Stone King and Fidelius Ltd can provide you with straight forward advice to secure your care choices and finances for the future.
The funding challenge
Home care packages can range from half an hour a week to 24 hour live-in care, so if your care requirements change over time, the costs can increase. We understand that many people worry about what might happen if their income no longer covers care costs. Fidelius financial advisers can help you plan to ensure funds are allocated efficiently, so you can rest easy knowing that you can pay for the care you require.
Getting the right legal advice ensures your voice is heard and your wishes are followed throughout your care journey, especially if your circumstances change and you become unable to communicate them yourself.
Get in touch
Our services are easy to arrange
For a no-obligation discussion to see how we can help, contact the legal team at Stone King on 01225 326722 or by email firstname.lastname@example.org. For independent financial advice contact Fidelius Ltd on 01225 334 000 or using our website www.fidelius.co.uk/contact-us/. If you decide you would like us to provide formal advice, all our fees are clearly explained at outset and there is no obligation to take up any of our advice.
You will have direct access to a dedicated solicitor or independent financial adviser who will look after you throughout. Our advice is usually quick and easy to put in place.
What are the options for Funding for Care?
Fidelius will introduce you to one of its specialist independent financial advisers who can guide you quickly and easily through the different options for funding your care.
We can advise you on your rights to any state financial support that you may be eligible for.
If you have to pay for all or part of your care, our expert advisers will help you review the options available.
Depending on your circumstances you may already have income to cover some or all of your care costs. But this may not be the only or the best way of securing your care and there may be other options from which we can help you choose:
- Use Cash
- Releasing equity from your home
- Purchasing an annuity with enhanced rates
What Legal Arrangements should you put in place?
Stone King has a team of specialist later life solicitors who can -
- Set up powers of attorney, where you can nominate your trusted friends or family to act as your voice for financial or welfare decisions if you find yourself unable to make these decisions on your own
- Help you write a will or check that your existing will reflects your current wishes and that your affairs are managed in the most cost and tax efficient way
- If your closest relatives do not live nearby, we can help to manage your financial and welfare decisions on your behalf
- Ask the court of protection to step in on your behalf in the event of a crisis if there is no one else to help make financial and legal decisions for you
- Sort out the legal arrangements for an equity release loan
Who gives the advice?
We are two professional firms; Fidelius Ltd, independent financial advisers, and Stone King, solicitors. Both firms have a strong reputation, as later life experts and for the quality of services provided to people wishing to make decisions about their long-term care.
Advice is given by Stone King solicitors who are members of the Solicitors for the Elderly, and advisers from Fidelius Ltd who are accredited by the Society of Later Life Advisers. Both memberships illustrate our respective quality and expertise.
By working together, we can offer a more complete picture of the options available to you than you will find anywhere else.