Elderly Care Vs Family Inheritance

We frequently meet clients who are concerned about the prospect of spending all their savings on paying for care in their old age, leaving little or no inheritance for their families.

Making the decision to move into a care home is difficult. Statistically one in three women and one in four men will require some form of long term care. The average cost of care in a residential home is about £25,000 per year.

The ability to pay for the care is assessed by the local authority, this is means based and the state will only pay for the very poorest people. If there is a shortfall of funds to pay for the care, this must be met from assets. There is no end to the extent to which local authorities can access assets. It is clear that the State cannot afford to bear the nation's care costs, making it increasingly important for our expanding ageing population to seek expert legal and financial advice.

We are always happy to discuss what best suits your needs and circumstances where care home fees are involved.

Visit us at www.wapuk.co.uk or ring us on 0800 043 2811