Few of us can afford to pay the high cost of long-term care out of our day-to-day income. So thinking ahead about what you would do if you needed long-term care is a good idea.
It’s hard to think about something that might not actually happen. But very often, care decisions have to be made by family. These are often unplanned because no-one had the conversation before help was needed.
If this were to happen to you, it might mean your wishes might not be taken into account or your money could have been used more efficiently to pay for your care.
A good place to start is to find out how much government-funded care you would be entitled to in. This means you can then work out what the shortfall might be, and what the options are for planning ahead.