Living in a care home can wipe out your entire savings and home
When somebody enters permanent care, it can be a very distressing time for loved ones. Questions might arise such as ‘What quality of care is that person going to receive?’, ‘For how long will the care be needed; weeks, months, years?’ and ‘What will happen about funding that care?’
Most of us work very hard over the years to buy our own homes and build up our savings for our retirement and would like to leave a 'little something' for our children and grandchildren after we are gone. Unfortunately, the costs involved in moving into a care home can literally obliterate your entire savings and your home may have to be sold to pay for Care fees.
This could mean that your loved ones could receive very little, or even nothing at all of what you originally intended them to have. When someone enters Care they are automatically 'means tested' and ALL of your assets, including your home are taken into account. Only those who have very few assets will escape the costs of Care.
If you fail to act soon:
Your home may have to be sold to pay for your Long Term Care CostsYour savings and investments could be seriously depletedAny income would be assessed and used towards the cost of your CareYour children and grandchildren could lose their entire inheritance
I may be able to help prevent these possible losses with early estate planning and the use of Countrywide's property preservation trust.
Call me to discuss further on +44 7831 379562 (UK) or +34 622 374 738 (Spain), or email me at email@example.com to arrange a confidential chat.
Warm regards, Sally