Long term care has become a major concern for many people. With people living longer more and more of us face the prospect of requiring residential care at some point in the future. There is no way of knowing if and when this will happen and for how long care will be required. With care homes costing between £25,000 to £50,000 per annum it doesn’t take long before your assets are eaten away and you realise that you have nothing left to pass onto to your children and other beneficiaries. Many people are forced to sell their homes to fund the cost of care. Learn more about Funding Care and NHS Continuing Care Funding.
Early planning for long term care is essential. We can help to protect and preserve your assets ensuring that the assets that you have worked hard all your life to build up can be enjoyed in your retirement and passed onto your children and other beneficiaries. We work closely with Independent Financial Advisers who specialise in financial planning for long term care to ensure that our clients receive the best possible advice.
We advise on the following;
- Financial planning for long term care
- Ring fencing your assets
- Wills for married couples/civil partners structured to protect a share of the family home
- Making use of disregarded assets
- Options if residential care is imminent
You can now use our Care Home Fee Planning Calculator
Our specialist solicitors assist clients across England and Wales. To get in touch contact us via the website at Solicitors in Preston or phone 01772 722373 and ask to speak to Ellen Fay.