How To Protect Against Care Home Fees. One option that many people look at is to use equity release to avoid paying care home fees. 3102017 The other hurdle is whether the settlor is deemed to have deliberately deprived their estate of the assets to protect them from the impact of care fees.
Out of curiosity we recommend you try the calculator below and see how much money tax-free you could get out of your house. If you do have to move into care you may qualify for NHS funded continuing care and if so the NHS will pay all of your care costs. The burdens on our loved ones enormous.
If you dont qualify then you will have to fund your own care fees firstly from your income.
If they are to be self-funded take financial advice explore the costs of a care plan which can cap the capital cost of care an annuity is purchased which makes up the shortfall between income and cost of care income produced can be tax free. The surviving partner keeps their half of the house whilst the other half is held in trust. Out of curiosity we recommend you try the calculator below and see how much money tax-free you could get out of your house. 7232019 Costs for home care average around 15 per hour.