Long term Care

Leaving a Will

Tuesday, January 24th, 2012

Here’s to the Duke! And here’s something you may not know… If you die without leaving a will, you may be giving your estate away to the crown when you die. What you are likely to be aware of already is that if you die without leaving a will, your estate may go to distant [...]

Tags: estate planning, Inheritance tax, long term care, Wills

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Long Term Care Costs

Monday, December 19th, 2011

Long Term Care Costs – Why Where You Live Makes a Difference Two weeks ago we wrote about long term care costs and funding. One of the subjects we mentioned in our article was the contribution to nursing care costs that some people are eligible to receive. This is an area where many people who [...]

Tags: long term care, long term care costs, property

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Long Term Care Planning

Monday, December 5th, 2011

Protect Your Property from Long Term Care Costs The subject of long term care is an emotional one for many people. It’s also very much a financial subject. Long term care can be expensive. There is no getting away from that. However, by taking the right advice and having the facts, it doesn’t have to [...]

Tags: long term care, long term care costs, property

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Long Term Care – Estates Don’t Have To Be Liable

Monday, August 1st, 2011

Without question, long term care is one of the biggest threats to the passing down of capital to our children. Unlike Inheritance tax, which is applied as a tax at 40% on transfers over £325,000, your personal estate can be liable for every penny over and above £23,500. It is also a tax on the [...]

Tags: Inheritance tax, investment bonds, long term care, long term care costs

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Long Term Care – save thousands

Friday, September 17th, 2010

A financial adviser at the bank has told me to take out long term care insurance and I wonder if it’s a bit of a waste of money. My husband died recently but I am worried that my estate might disappear in long term care costs. This is a reasonably technical answer but stay with [...]

Tags: long term care, long term care costs, nil rate band

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Who should write your will? Solicitor or will writer?

Friday, November 6th, 2009

I read your article which explained that putting assets into trust was not a way to get around care costs. My will writer advised me of a ruling that says that Local Authorities cannot recover assets placed in Trust providing they were transferred more than 6 months before the claimant was placed into care. Is this true?

Tags: care fees, deprivation of assets, Local Authority means test, nil rate bands, Will writing, Wills

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Will the Tories simplify care costs?

Monday, October 26th, 2009

I suppose like any run up to an election, noise is catapulted beyond comprehension. We all have short memories and in practise will the proposals ever apply? Probably not. But I suppose we all want to believe the best will happen and we can rely on a government and that is why proposals are being slung around like a politician coming up to an election!

Tags: care funding, Inheritance tax, insurance, insurance bonds, investments, long term care costs, savings

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