Everyone seems to know or have heard of people who have had to sell their home in order to pay for their care, but don’t quite know why or how they can avoid the same thing happening to themselves.
The sad fact is that you’ve worked hard for years to provide a valuable asset to pass on to your loved ones, but your home may be under real threat if you later require long-term residential or personal care. The Community Care Act 1990 empowers Local Authorities with the responsibility of providing Long Term Care. However they will refuse to pay for many of the services they provide on a means tested basis if assets are above the current threshold of just £23,250. Families of this vulnerable sector are disinherited when everything their parents have ever worked for during a whole lifetime is wiped out in just a few years of long term care. Individuals may be tempted to give assets away to overcome this. Such action is unlikely to be successful due to the deliberate deprivation rule, whereby gifted assets are still included for means test calculations regardless of how long ago they were given away. There are many different reasons for protecting your estate and an incidental benefit could be protection from Care Fees – if you act early. Call us today to find out more |
APS Legal & Associates
The Old School Tresillian Truro Cornwall TR2 4BA freecall: 0800 321 3632 mobile: 07952 200 282 enquiries@willscornwall.co.uk |
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On behalf of APS Legal & Associates Ltd, Worksop Turbine Innovation Centre, Shireoaks Triangle Business Park, Coach Close, Worksop, S81 8AP
APS Legal & Associates is a member of the Institute of Professional Willwriters
and complies with the TSI Approved IPW Code of Practice
APS Legal & Associates is a member of the Institute of Professional Willwriters
and complies with the TSI Approved IPW Code of Practice
