60,000 homes are sold each year to fund Long Term Care. Don’t let yours be one of them!

Most retired married couples have worked hard all their lives, paid off their mortgage and now own their own home. If one needs to go into Long Term Care, as long as their spouse is still living at home, then the Local Authority cannot attack the value of their house.

The problem occurs after the first has died and the survivor then needs to go into Care. If the survivor now owns 100% of the house, the Local Authority can assess its value.

By changing the way Wills are worded and with the careful use of Trusts, we can create a situation in which the house is deemed valueless by the Local Authority and this valuable asset is completely protected.

To find out more, contact Ian Hunter of Quay Asset Management on 01 722 327427

This entry was posted on Monday, October 5th, 2009 at 12:31 pm and is filed under Recent News .