Care Home Fees Advice
You may wish to consider protecting your assets when being assessed for care home fee contributions.
How much are Care Home Fees?
Would your family home be at risk if you or a family member needed to go into care? Get expert care home advice and protect your family wealth for future generations, with help from Brockbanks Solicitors.
As the population of the UK ages, it is becoming increasingly important to consider your future, and especially the possibility of having to pay a contribution towards the cost of your accommodation and care. Currently, if you have assets of more than £23,250, you will need to pay the full cost of your care, although your home won’t be included in this if a partner or close relative still lives there. Any income is also taken into account.
Thankfully, there are things you can do to protect your assets from care home fees.
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If someone close to you is not able to make decisions for themselves, it can be extremely upsetting. We provide guidance on the legal safeguards available to ensure that they remain protected.
Care Home Fee advice
You may wish to consider protecting your assets when being assessed for care home fee contributions.
Trust Advice
Trusts provide a way of protecting your assets (sometimes for the future benefit of younger relatives).
Brockbanks Solicitors can help you
For obvious reasons, you may wish to consider protecting your assets when being assessed for care home fee contributions. This could be achieved by setting up a Trust, or by transferring a property between owners. However, there are strict rules on this, and if this is not carefully planned, then local authorities can claw back gifts of money or property.
Our team of specialists are here to provide tailored care home fees advice based on your current and future needs. Working with you, we will help you to make the right decisions when it comes to structuring your assets. Our aim is to reduce the impact on your wealth and finances, for the benefit of you and your family.
For further information, please contact us at any of our offices. We will be happy to see you at a time convenient to you, or at your home if you prefer.
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