Can we avoid care home fees in the UK?

Can we avoid care home fees in the UK? The answer is complex, but there are legal steps that can be taken to limit the impact of care home costs on personal finances.

Firstly, it's important to understand the care home fees threshold in the UK. If a person's capital is over 23 thousand and 250 pounds, they are expected to pay all their care home fees.

However, certain assets are disregarded, including the value of a person's main residence if a partner or dependent relative still lives there. Secondly, consider putting assets into a trust. This can protect them from being used for care home fees.

However, this must be done without the intention of avoiding care home fees, otherwise, it could be seen as a 'deliberate deprivation' of assets.

Finally, seek professional advice. Financial advisers who specialise in care fees planning can provide individual advice tailored to your situation.

Avoid care home fees with legal, strategic planning.

Visit www.ukcareguide.co.uk for more help and advice.

#CareHomeFees #FinancialPlanning #UKCareGuide #ElderlyCare #AssetProtection

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##assetprotection ##carehomefees ##elderlycare ##financialplanning ##ukcareguide

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