Wills and Probate - Care home fees
Many people are concerned about this complex issue and what happens to their assets in the event they need residential or nursing care. Currently if your assets are between £16,000 and £23,500 then you will be obliged to contribute towards your care costs. If your assets are in excess of £23,500 you will be responsible for the whole of your fees.
Many people believe that if they gift away their assets 7 years before they go into care then these assets will be disregarded by the Local Authority when assessing financial eligibility. This is not the case, but there is room within the rules for your family to benefit from your assets. We have detailed knowledge and experience of such matters and will explain the law to you in straight forward terms. Thus allowing you to plan your financial dealings to your families advantage.