Paying for Care Homes - How to Protect Your Savings

There are other ways...

Paying for care homes is a real worry for so many families, being torn between providing the best possible quality of life for your loved ones and what you can actually afford. Paying for care homes is becoming more and more expensive with high inflation rates and the current economic depression and many people are faced with losing their home to pay for them. But did you know that there are ways of avoiding paying care home fees?

Paying for Care Homes using Trust Funds

Placing your property into a Trust can mean that it becomes a protected asset, so no-one can demand that your home is used in paying for care home fees. With careful planning and advice Inheritance Solutions UK can help you do this, easing the financial strain of paying care home fees. There are a number of options to consider, and our expert legal advisors will be happy to guide you through the process, clearly explaining the benefits of each approach. Why not call us today to find out more?

What are the other benefits?

Planning to pay for care homes using Trusts can bring other additional benefits too, which you may not know about. They include a number of advantages for avoiding inheritance tax (IHT), meaning more of your hard-earned savings and property value is given to your  beneficiaries. The Settlor (the person who places the property into Trust) also keeps a level of control over the assets, which is not the case if they are gifted to someone. Call us today to find out more about how we can help you.

How can Inheritance Solutions UK help you?

If you are looking for ways of paying for care homes, then give us a call today. We have years' of experience helping families plan for the future, with our protection planning services. Our legal knowledge can help provide financial stability and peace of mind for all members of your family. Call our advisors today on 0800 028 5119.