Unfortunately, the costs involved in moving into a Care Home can literally wipe out 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.
Firstly, it is important to safeguard your home. By simply changing the way you own your home, combined with the appropriate Trust planning, it effectively ensures that your property is protected should either of you enter Care. Also, by simply changing the way any other assets are invested and held, you can ensure that your cash or liquid assets are also protected from Care.
If you fail to act, it could result in…
Many thanks to the team at Finance North for their guidance. They came recommended which is always the best. They discussed with us in clear & concise terms so we felt that we were really making an informed decision as to what we needed. We felt under no pressure or obligation to “do business” with Finance North, but we are so glad we did. Having seen relatives go through turmoil due to not having adequately sorted their affairs, knowing that we have these documents in place has given us such peace of mind.
Mrs A. Bush
I have found the team to be very approachable, knowledgeable and extremely good at understanding my requirements. We have had a number of exploratory conversations, all of which were before any commitment to use your services, which I found very reassuring. I am delighted at the cost of the service and the outcome which addressed all my concerns from the outset.
Mr A. Beard
