Care Home Fees
This is a topic that is often in the news and is, therefore, often in the thoughts of our Clients.
Did you know that if you own assets in excess of £14,000 (including your house) it is virtually guaranteed that you will have to fund any long term care yourself.
Are there ways of trying to ensure that you do not have to sell your home to fund any care home fees? In short, yes there are. We cannot guarantee that your house and all your assets will be completely protected, however, through making changes to the way in which you own your principal residence (called severing the tenancy) and through the careful construction of your Will, then we are able to do as much as is currently permitted to shield your assets from care home fee assessment.
Aside from drafting a Will however, we are able to offer our Clients Lifetime Discretionary Trusts; an instrument that will be able to remove the need for probate as well as protecting the home and any cash you may have from being used to fund long term care. This is a new an innovative Trust which could benefit all Clients.
Why not call us today to see if you are at risk or if we can help?
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