01/07/2022
It is well known that the UK population is ageing, with more people living longer lives than previously, and the most recent data shows that nearly half a million people live in care homes in the UK.π‘
Under the Care Act 2014, if a person is taken into care, the Local Authority can use the value of the home owned by that person to fund their care. This could ultimately mean that when the person dies, there is very little of their estate left to be given to their family. It is illegal to deliberately avoid paying care fees by giving your property away, however it is permissible for both spouses to make a provision in their Will to βsever the tenancyβ and allow each spouse to put their half of the property into a Property Protection Trust for their intended beneficiary(ies).
For honest, impartial and professional Advice and Service, speak to DS Wills & Estate Planning! π¬