Most of us work very hard over the years to buy our own homes and build up our savings for our retirement and would like to leave a “little something” for our children and grandchildren after we are gone.

Unfortunately, the costs involved in moving into a Care Home can literally wipe out your entire savings and your home may have to be sold to pay for care fees. This could mean that your loved ones could receive very little, or even nothing at all of what you originally intended them to have.

• Your home may have to be sold to pay for your Long Term Care costs.
• Your savings and investments could be wiped out.
• Any income would be assessed and used towards the cost of your care.
• Your children and grandchildren could lose their entire inheritance.
   

When someone enters care they are automatically “means tested” and all of your estate, including your home are taken into account. Only those who have very few assets will escape the cost of care.

Whatever assets we have, many of us would want them passed down to our children and grandchildren, so losing a property to care costs is a severe blow.

If you are concerned about what you intend to leave your loved ones, no matter your circumstances we are able to advise on all aspects of Care planning.

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We can go through the options with you, to make sure you choose the right one for your circumstances.