1 in 4 of us will require long term care at some point in our lives. If you own more than £23,250 in assets you are liable to pay all of your care costs, even if you have to sell your family home to do so. With the average person being admitted to care for 4 years and the average care home costing £800/week it doesn’t take long for your entire life savings and assets to be wiped out.
It is possible, however, to protect your and your client’s home from being sold to pay for care fees by setting up a Will and appropriate Trusts. The Estate Planning required to achieve this is very simple to set up and could save your client’s hundreds of thousands of pounds.
If you are interested in offering asset protection strategies such as this to your clients, please contact us at membership@therightwill.co.uk or call us on 01564 732 740. You can also find out more about our services at www.rightwilladviser.co.uk