LEBC Group has developed an advisory service in order to help people plan for their long-term care needs.
The Care Fees Planning service is tailored to a person's individual circumstances and is designed to provide advice on available state benefits, disregarded assets, power of attorneys and wills, inheritance tax implications, and self-funding options.
LEBC divisional director of individual savings and investments Kay 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.
"Our service is designed to guide families, attorneys, solicitors and other advisers through the options so that decisions can be fully informed and reviewed.
"Scarcity of advice offerings means that from the 53,000 having to self-fund, only 7,000 actually seek advice and the gap is getting bigger each year. This statistic needs to improve dramatically."
Figures from think tank The Local Government Intelligence Unit shows 53,000 of the 130,000 people entering into care each year are reliant on self-funding.
