Long Term Care

The cost of care in this area is about £60-80k  a year! (£1500 a week) If you have to pay for your care, virtually your whole estate can be used on your care-home fees leaving almost nothing to your children or beneficiaries when you die. Once your total money (from the house and all your savings and half the joint savings) gets down to just over 23k, the local authority will start contributing to your care and once you only have 14k left, the LA will then pay for your care completely

There are ways to protect some of your estate being used on your care-home fees:

  • Tenants in common – this is a way to protect half your house for your children or beneficiaries, from care-home fees or remarriage
  • Home Protection Plan – this is a way to potentially protect the whole of your house from care-home fees. You must be over 60 years of age and there must be no foreseeability of going into care in the future

SO FOR PEACE OF MIND CALL ME NOW On 01489 578931