Example case study
Marge was 80 years old and had lived alone since she was widowed. Following a stroke, she needed the care of a nursing home. Her eldest daughter, Sarah, held her mother’s Enduring Power of Attorney and approached Brownlow Wealth Management on her behalf.
Marge was about to move into a care home where she could retain her independence and dignity. However she also wanted her children to benefit from the inheritance she and her husband had always planned to leave.
Her daughter’s question to us was:
"Is the care home affordable and how best can we pay the fees while making the most of our mother's money?"
Our solution was to arrange a care fees plan for Marge that used just part of her capital and guaranteed to pay the shortfall in her care fees, for the rest of her life. This meant she could be happy in the home of her choice while her family would have peace of mind, knowing that the fees would always be paid.
The report from our specialists at Brownlow Wealth Management also proposed ways in which Sarah could invest the remaining capital on her mother's behalf. Four years on, Marge is contented and well cared for in her new home.