This section is concerned with clients who feel there is a risk that at some time in the future they might need to go into care, and are interested in exploring ways of reducing the potential for having to use their own assets to fund their own care.

Historically, local authorities paid for the ongoing care of individuals when they needed to go into care. Nowadays, however, things have changed. A local Authority now, under certain circumstances, has the legal authority to use the value of the house and savings owned by the resident going into care to fund their stay there.

The issue has been exacerbated by the increase in home ownership and also the increase in house prices. Together with increased personal wealth, more assets can be potentially made available for the Local Authority to legally access to fund care costs.

Certain actions which people decide to carry out to reduce this possibility - for example giving away their assets, or signing their house over to other relatives such as their children - in fact at best don't work and at worst can make their personal assets and property at risk from being used by others. For example the share of your house now owned by your children could be included in their divorce settlement or separation, or even bankruptcy. What if over time there is a family rift?

Having a certain type of will drafted can help to mitigate against the possibility of payment of care home fees, should one of you need to go into care. These are not simple wills: you will need to talk to a specialist such as Tansley Wills who can provide all the advice that you need to make the right decisions.

Please talk to us and we will be happy to help.

Tel: 0115 840 3548

E-Mail: enquiries@tansleywills.co.uk

Tansley Wills
5 William Close
Gedling
Nottingham
NG4 2QX