Care Home Fees
Many people are concerned about the possibility of their home having to be sold to pay for residential care home fees and want to know if this can be avoided.
The need to enter a Nursing or Residential Care home often comes when we least expect it and it will be a difficult time for the person involved and their family. Added to this is the difficulty of navigating the local authority rules for payment of fees for residential care and the means testing involved.
Contrary to popular belief, it is not always the case that your house will be taken into account when assessing you for care fees, for example, if your spouse or certain other dependent relatives live in the house with you.
However, in some cases the value of your house may be taken into account in local authority means testing.
If you are faced with this situation it is likely that you will have questions about how to protect your home from potential care fee liability. I can offer advice on planning your estate in the most effective way possible as well as the possible implications of transferring property out of your name.
This is a complex area and specialist advice should always be sought. Here at Maclaren Warner solicitors we are experts in estate planning and can offer you advice on the most effective and tax efficient methods of arranging your property and finances. Contact us for more information.