Care Fees banner

Services for You

Care Fees

Care fees are often an emotive issue for clients who feel that their assets are being taken to pay for care that should be provided on the basis of contributions they have made to the system during their lifetime.

Unfortunately, many people find themselves in a position where it is too late to start looking at asset protection planning. The best approach is always to act sooner rather than later.

The cost of care fees will vary geographically and is dependent on the extent of the care you require. In any event, it is not surprising to see invoices in excess of £30,000 per year for such care.

When considering care fees planning with clients, many of them believe that this will involve giving away assets or wrapping them up in complicated lifetime arrangements. In fact, there are certain regimes that do not require any dealings with the assets in lifetime.

One of the most important tools in care fees planning and asset protection is a Will. In particular, Wills incorporating Family Protection Trusts can be very effective.