Planning ahead for your future
The future can be difficult to predict. However, shifting demographics and rising life expectancy means that increasing numbers of us may have to rely on nursing and residential care in the future.
State funding is limited to those who need it most, and you may be concerned – as many people are – about your ability to pay for your future care home costs. If you need residential care, all of your income (pensions, interest on savings, dividends, etc.) apart from a small amount would be used to pay the care home costs.
You would also have to pay the extra amount from your capital, until it is reduced to the upper limit when Local Authority help is available.
Residential care home costs and planning – how we can help
At Nelsons, we can help ease the worry of residential care home costs by helping you with your residential care planning.
We can advise on the many options available, including:
- Transferring ownership of your property
- Inheritance tax planning
- Powers of Attorney
- Updating your Will
- The creation of Trusts
- State benefits
- Immediate needs care plans
- Investment advice and management
- Existing saving and investments
- NHS care fee funding applications and disputes
Our team is also recommended by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country.
For further information on how we can assist you with residential care home planning, please call 0800 024 1976 or contact us via our online enquiry form for a guaranteed response.
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