Nursing Home & Care Fees
There are many products and packages in the market that cater for this event. However, we believe them to be almost as penalising as the care home fees themselves. With careful investment of the proceeds of the sale of the person’s property it may be possible to not only pay the monthly fees but retain the capital, maybe even grow it. This is not too good to believe; we have managed this in the past – please see client’s feedback to this effect, and we have ongoing clients in this situation. However, performance in the short term is always susceptible to market volatility and the possibility of a Bear market. The model portfolio for this would be one of the SEI model portfolios.