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Long Term Care Planning
Introduction
Our team are able to advise you on all financial and legal aspects of funding residential and nursing care, and the implications this can have for your estate and family.
The rules on funding care are complex, and it is not always the case that you have to pay for your care. We always advise that you consult with our experienced team at an early stage, preferably before you or your relative has gone into a care/nursing home.
Capital Disregard
Residents with sufficient capital are liable to pay for their care. Certain assets are disregarded and the legal position of spouses and civil partners with joint assets is complex. Our specialists are able to advise on all aspects of planning, with regard to residential or nursing care, including both financial considerations such as funding care and practical considerations such as appointing an Attorney under a Lasting Power of Attorney. With appropriate planning and independent financial advice, it is also often possible to structure an individual's estate to help preserve capital for subsequent generations, whilst meeting the costs of care.
