Planning for Long Term Care

 

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Planning for Long Term Care

If you needed to enter long term care at some point in the future, you could end up paying nearly 100% of the value of your estate, above a lower capital limit of £14,000, in care home fees. We can help you to minimize these costs by careful planning.

What can I do to protect the family home?

There are a number of things that you can do to plan for your long term care:

  • The Wright Hassall Home Preservation Plan is designed to protect your home if you become incapable or die.
  • The Wright Hassall Property Protection Will is designed to ensure your share of the house stays within your family and is protected for your children should your spouse/partner require long term care.
  • Set up a Lasting Power of Attorney to ensure that someone you trust can act on your behalf should you become mentally incapacitated in future years.
The planning options are not suitable for everyone and will depend upon your personal circumstances.  For a no-obligation chat about how we can help you protect your family's assets and plan for long term care, please contact Claire McGinnity.