World Alzheimer’s Day: Never too early, never too late

World Alzheimer’s Day, observed annually on the 21st of September, is a global initiative that was designed to highlight, educate and destigmatise dementia. Given that the Alzheimer’s Society acknowledges dementia as one of the paramount challenges confronting our society today, the importance of this day cannot be overstated. At present, nearly 50 million individuals across the globe are living with dementia, making it an urgent concern that impacts individuals, families, and communities on a global scale.

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At Carpenter Box Financial Advisers, we take great pride in our ability to assist elderly and vulnerable clients, along with their families, in managing their financial affairs following a diagnosis of dementia. Our entire team has received specialised training through Dementia Friends, generously provided by Dementia Hub Worthing. In recognition of our commitment to excellence in vulnerable client care, we were honoured with the Professional Adviser Awards Firm of the Year in 2022.

The Complex Landscape of Dementia Care and Benefits

Navigating the intricate maze of the care and benefits system can be a daunting task, especially for families dealing with dementia. Our dedicated later-life team is here to provide valuable assistance in several crucial areas:

This image shows a women helping her grandfather who is suffering from Alzheimer's
  1. Completing Attendance Allowance Forms and Navigating the Care/Benefit System: We offer guidance and support with the complex process of completing Attendance Allowance forms, helping individuals and families access the financial assistance they need to cover care-related expenses.
  2. Care Annuities: Care annuities, a specialized type of insurance policy, provide a regular, guaranteed income for life, ensuring that you have the financial means to cover care costs. Our team can help you explore this option and make informed decisions.
  3. Comprehensive Financial Review: We understand that every individual and family has unique needs and objectives. Our experts conduct a thorough financial review to identify your specific requirements, ensuring that you receive tailored assistance.
  4. Planning for Funding Care Costs: We work closely with families to develop strategies for funding care costs, with a focus on allowing your loved one to remain in their home or explore local care homes.
  5. Managing Inflation and Rising Care Costs: As the cost of care continues to rise, it’s essential to make your money work harder. We can help you optimize your financial assets to counter inflation and rising care expenditures.
  6. Inheritance Tax Mitigation: Our team can assist you in reducing or mitigating exposure to inheritance tax, preserving your assets and financial legacy for future generations.

If you’re seeking further information about our Later Life Financial Planning services, we encourage you to reach out to us at 01903 534587. You can also visit our website for additional details.

World Alzheimer’s Day serves as a poignant reminder of the global impact of dementia and the critical need for awareness, support, and proactive planning. At Carpenter Box Financial Advisers, we are committed to helping individuals and families navigate the financial challenges that often accompany a dementia diagnosis. Our specialised team is here to provide guidance, support, and tailored solutions to ensure that you and your loved ones receive the care and financial security you deserve. Together, let’s work towards a future where dementia is understood, managed, and ultimately conquered.

The Financial Conduct Authority does not regulate tax advice