The potential cost of long-term care is a worry for many clients, particularly for those who are home-owners.
Our experienced team can advise you on the options available and guide you through the legal processes.
We are often approached by clients with a request to transfer their house to their children because they believe by transferring the legal title of their property out of their ownership they will avoid having to pay for care.
This is a course of action we would strongly advise against for many reasons, but specifically in this context because it would be considered to be deliberate deprivation of capital by the Local Authority. However, there are some planning opportunities available through the use of Trusts in Wills for couples.
The arrangements are complex but we can provide you with clear, practical advice to help you decide whether this type of planning is suitable for you.
For further information, get in touch with our experts to see how we can help.
We offer a bespoke service so you can benefit from as much or as little help as you need.
Call us on 0191 2522396