What will it cost?
Very many of us work hard during our lives to buy our own homes and to put extra money aside for our retirement and in the hope that we can also pass on the benefit of all our hard work to preserve that wealth for future generations.
Sadly, these days the cost of having to move into a Care Home can decimate all your savings and can also mean that your home may have to be sold to help pay for care fees. The practical effect could be that your family (children and grandchildren) receive little or nothing of what you had wanted them to have.
Did you know that when someone has to go into Care their means are automatically testedand all their assets including their house is taken into account. The only people to escape are those very few who have practically no assets at all.
Most of us would like to leave our hard earned assets (our Estate) to our children & grandchildren and therefore if our house had to be sold it would be a dreadful blow. However, there are things you can do to protect your Estate and we are well able to advise you on all aspects of Care Planning