We offer a holistic service to support and help you manage the many aspects involved in organising care for yourself or a loved one.
Choosing a care home
There are many factors to take into account when choosing the right setting for care and often a bewildering choice of care homes in a small radius of where you live. To help you understand the different care providers and what they have to offer, we work with specialist organisations who will gain an understanding of your care needs and preferences and help you to narrow your search accordingly.
Funding your care
Your only asset may be your property and if you are selling this to fund your care fees we work with specialists who can reduce the stress of managing the process by organising all aspects of the sale for you. This includes options for bridging finance to cover the care costs and avoid any delays whilst the property is being sold, as well as other property related issues such as managing removals, house clearance and arranging remedial works on the property ahead of sale.
In addition to advising on paying for care, we can also provide a review of all of your current financial arrangements and offer advice on a wide range of subjects that may be relevant to you at this stage in your life including:
- Welfare benefits in later life - claiming benefits and allowances, grants and the implication of such when in hospital or moving into care.
- The implications of the Mental Capacity Act - making decisions for others, accepting instructions through third parties, existing enduring powers of attorney, lasting powers of attorney, the role of the court of protection/office of the public guardian and Wills.
- Portfolio management and risk in later life - managing investment risk, determine an individual's risk profile, diversification of asset classes, active and passive management and working with a power of attorney.
- Making the money last in later life - de-accumulation (as opposed to accumulation). The realities of a reducing pension pot, planning and managing income in retirement while addressing the risks to income through later life.
- Inheritance tax planning - risk free gifting, the options of reducing the estate while keeping control of income and capital, and the planning options for powers of attorney.
Powers of Attorney and Wills involve the referral to a service which is separate and distinct to those offered by St. James's Place and are not regulated by the Financial Conduct Authority.
The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value can therefore go down as well as up. You may get back less than the amount invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.