Most people worry about inheritance tax when planning on leaving their assets to children/or family, which stands at 40% over £325,000 (2009/10 allowance.) However, the NHS and Community Care Act (NHS & CCA 1990) has considerable implications for you and your family if you need long term care in your old age.
If you have savings or capital of only £23,000 plus, which includes your home, you will receive no support from the state towards your care fees. With the average nursing home costing over £500 per week, in many cases it will becomes impossible to pass your assets onto children/or family as you wished
Henderson Morgan will assist you with confidential advice on the best way of paying for care, whilst at the same time protecting your assets for children/or family. Contact us today.
