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Care Fees and the Family Home

Philip Laidlow begins a series of articles examining ways in which it is possible to shelter the assets of your elderly clients from Local Authorities.

1 January 1996

Philip Laidlow begins a series of articles examining ways in which it is possible to shelter the assets of your elderly clients from Local Authorities.

Currently one of the questions most frequently asked of solicitors by homeowners (or their children) is whether the Family Home should be passed on. The concern is that if the homeowner should go into a residential or nursing home in the future, the property might have to be sold and the proceeds applied towards the care fees. While the Budget introduced a proposal to raise the limits of the capital resource levels at which Local Authorities (LAs) will fund the cost of care to £16,000 (a partial contribution) this is unlikely to reduce the paranoia. With nursing home fees frequently being in the range of £13,000 - £17,000 pa this is not perceived by many clients as making a huge difference. For others £16,000 now represents a more achievable target to reduce resources to , which the old limit...

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