Care Home Fee planning
Will your Home Be Sold To Pay For Care?
Unfortunately women have a one-in-four chance of needing long term
care while for men, it is a one-in-six chance.
Today alone, 200 homes will be sold to pay for peoples care costs.
That’s 70,000 homes a year or £4.3 billion worth of children’s
inheritance being used annually to pay for peoples care in older age.
This is extremely unfair in the eyes of many people.
The simple fact is that if you have assets over £22,250, including your home and savings, you will have to pay for your care. Your children’s inheritance could be under real threat.
If you are a single person, widow(er), divorcee, this could affect the whole value of the property.
If you are a couple and you pass the property entirely to your spouse on death this could also affect the whole value of the property.
There is good news though!
A Protective Property Trust Will has been specifically designed to allow your property assets to pass onto your loved ones in the fullness of time.
This is simple and cost effective to do, and for approximately the same as the cost of one weeks care, the peace of mind gained is immeasurable.
Surely that is something to consider doing.
It costs nothing to find out if you could save paying the Government your hard earned money.
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