| Long Term Care Costs - How to ring fence & protect your assets
Most people would prefer to see their hard earned savings, home and other assets pass onto their families rather than the tax man or to pay for long term care fees. However, without appropriate financial planning this is a real possibility for many people.
While many people focus on protecting their estate from Inheritance Tax, they often forget that care home fees can reduce their estate to as little as £13,000.00.
This is because anyone with assets over this amount would have to make some contribution towards their care fees, if not fund them altogether.
With people living longer and more of us choosing or needing to enter long term care, and the cost of a care home averaging at around £500.00 per week for nursing care (source : age concern 2007), serious consideration must be given as to how you would fund the fees whilst still leaving a legacy for your family.
Our seminars will help you learn how to keep control of your assets, a personal report will detail and clearly explain your situation and illustrate the various options available to you.
The Long Term Care Agency Website
|