Susanne White Private Client Solicitor
Opening Hours
Monday - Friday 8am - 6pm
Appointments outside of these hours are available on request
Phone
Long Term Care Planning
Long Term Care Planning
A major concern for the older client and their families is how they will be able to pay for any form of long-term care should it be necessary. I am frequently asked what the position is in relation to the family home with many worrying they will be unable to pass on their assets to their children on death as their assets have been exhausted funding care. Another common question is what happens if the funds run out.
The funding structure
The funding structure is complex. However, the vast majority of older people will be entitled to some element of public funding when entering a care home or staying in their own home, though the extent of that funding will vary from person to person and will further vary over time.
How I can help
I am able to provide fixed fee advice on a range of matters relating to long term care including:
- Advice on available and disregarded capital and income.
- The family home including property trusts.
- Rules relating to deprivation of assets.
- Deferred payment agreements.
- Top up fees.
Understanding the financial aspects of long-term care is crucial in order to make informed decisions which is why seeking professional advice at the outset can alleviate challenges in the future.