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Most of us work very hard for years so that we can buy our own homes and grow our savings. We do it for our retirement, or to leave something to our children and grandchildren after we're gone.
However, if you require long term care in the future, the costs associated with moving into a care home can literally wipe out your entire savings—your home may even have to be sold to pay for care fees. This would leave your loved ones with very little, or even nothing at all of what you wanted them to have.
If you enter care, you are automatically "means tested" and all of your estate, including your home, are taken into account to decide what you will have to pay. You will only escape the costs of care if you have no assets, or very few. Whatever assets you have, like most people you probably want them to be passed on to your loved ones when you are gone. Losing a property or savings to the costs of long term care can be a severe blow.
No matter your circumstances, we are able to advise on all aspects of care planning. Our solutions are simple, effective, and affordable.