Since the 2014 Care Act most of you have either been worried about the implications of the new rules or trying to do something about it. However, the reality is much of what you think you can do won’t work, and it’s fairly certain that most of the ‘solutions’ you will be sold won’t work either.
Over the last few months I have been presenting at the 50 Plus Skills Clubs and Dying to Know events.
Overwhelmingly the thing that concerned most people was this whole Care Fees issue and it’s clear far too many don’t understand what the options are or the implications of the legislation. Indeed many of you are considering options that just won’t work – despite being asked to spend many thousands of pounds on solutions.
I have included a short presentation below which outlines some important points about your Care Fees planning. It won’t take long.
Get in touch using the form below, we can arrange to speak and work out the next steps you need to take.
Importantly I understand this matter very clearly, not only being qualified as financial planner I am in the middle of moving both my inlaws into a care home for the first time. Let me walk you through the steps you need to take before you fall into the trap of not planning.
You shouldn’t do any of these.
- Property/Probate Protection Trusts – why they don’t work. Don’t waste your money.
- Giving Away Assets – how this is perceived by the powers that be.
- Transferring Ownership – really!
Please also note, your personal details are not loaned, shared or sold. Ever