How To Protect Your Home From Care Home Fees. A person with less than 14250 has their care paid for by the State unless this can be met from their income. Many people needing long-term care are forced to sell the family home and drain every last penny of savings.
Should your partner ever need care the Local Authority cannot take your share to pay for care fees since your partner does not technically own it. With care costs rising dramatically more people are losing the bulk of their savings investments and property to the cost of care than ever before. 4 If you were living alone and dont sell your home to cover care fees the council can put a charge on your property meaning the care bills will be paid from the proceeds when it is sold.
To protect your home contact your local Maplebrook Wills Legacy Planner on 0117 440 1230 or arrange a call back at a time that suits you.
A Local Authority pays at least 100 200 less per week for a care home. If you dont qualify then you will have to fund your own care fees firstly from your income. Unless youre putting aside 2000 a week to pay for future care fees which most of us cant afford youll need to have some paperwork in place in case you ever need it says Pugh. If the local authority believe a transfer has occurred it can place a charge against the property so that care fees are repaid when the property is sold.