Advisory group LEBC has developed a bespoke 'Care Fees Planning' service to help people looking for long-term care.
The service examines available state benefits, power of attorney, wills, inheritance tax and self-funding options.
The guide is deisgned for familes, attorneys, solicitors and other financial advisers.
The self-funding information can be tailored to personal circumstances through the firm's cashflow tool. This gives the self-funder and their adviser an overview of the funding options available and the likelihood of long-term care affordability.
Kay Ingram, director of Financial Planning at LEBC, said the complexities of the sector had led to many financial advisers avoiding giving advice on the topic.
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She said: "As long term care financial advice requires specialist qualifications and appropriate regulatory authorisation, many IFAs have chosen not to provide this advice to clients, leaving a significant gap in the market.
"We are very willing to work with those IFAs to help them fill this crucial gap in their arsenal. Without offering access to a specialist service they risk losing their independent status."
For families, she said it could be difficult to get a grip on the finances which could lead to them missing out on certain benefits.
Ms Ingram said: "The complexities of state and local authority assistance, as well as the ever increasing cost of residential care, means that getting a grip on the finances can be very difficult at this critical time.
"Unfortunately we see too many people who are unaware or indeed confused about what benefits they may be entitled to which can cost them thousands of pounds."
For more information about the care fees planning service, email This email address is being protected from spambots. You need JavaScript enabled to view it. 

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