Planning for care home fees now can give you peace of mind for the future and ensure you still have something to pass on.
If you ever need to go into a care home, you’re usually expected to pay for your own fees. Your local authority will undertake a financial assessment to find out if you’re entitled to state funded care – if what you own exceeds £23,500 they may make no contribution to your fees at all.
The average care home costs between £2,000 and £3,000 per month, and an individual will on average stay there for 4.5 years. This means that your estate might have to foot a bill of £135,000 – or more – to fund your care.
If you do not plan for these potential costs your home may need to be sold to pay for your care, which could leave very little for your loved ones when you die. Our solicitors can help you plan for care home fees in a number of ways. We can:
- Advise you on any state benefits you’re entitled to
- Structure your Will (and your spouse or partner’s) in the best way to protect inheritance for your loved ones
- Advise on how you own your home with your partner, to make sure both you and your assets are protected
- Help you to explore and claim other methods of funding such as NHS Continuing Healthcare.
Planning for fees is not just about putting some money aside now. It’s essential to look at your estate as a whole, how you own your home and how your assets are structured.
Our team has considerable experience helping people plan for care home fees. We can advise you on the best way to structure your assets so that you’re prepared for future costs, without damaging the inheritance you want to pass on to your loved ones.
Call us today on 0370 1500 100, or fill out our online form and we’ll call you back.
We also offer a Moving Into Care package that helps you and your family members make the right decisions about moving into care. For a fixed fee, we'll guide you through the each step and give you advice on your options. Find out more about the Moving Into Care package
Payment options to suit your needs and circumstances
Detailed knowledge on different funding options for care
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Will structuring service to protect family inheritance
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