The Importance of Planning for Care and Your Elderly Loved Ones

Due to the current economic climate, having financial plans in place for your loved ones has never been more important. Especially as only around the top 10% of retired households by income can afford to pay for nursing homes.On our most recent podcast episode, our host and later life expert, Emma McCann is joined by, Chartered Financial Planner, Ian Rex-Hawkes and estate planning specialist, Stewart Stretton-Hill.Our panel of experts discuss not only the importance of planning but, provide some insight on how to best approach planning for your elderly loved ones including:Adapting your plans to economic uncertaintyProtecting your assets should a loved one need to go in to careEffective methods for financing careThe importance of Lasting Powers of Attorney (LPA's).