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       Capital Care

Cost of Care

How do I protect my home and assets from care costs?

Most of us work very hard over the years to buy our own homes and build up our savings for our retirement and would like to leave a little something for our children and grandchildren after we are gone.

Unfortunately, the costs involved in moving into a Care Home can literally wipe out your entire savings and your home may have to be sold to pay for care fees. This could mean that your loved ones could receive very little, or even nothing at all of what you originally intended them to have.

When someone enters care they are automatically “means tested” and ALL of your assets, including your home are taken into account. Only those who have very few assets will escape the costs of care.


Local Authorities are becoming increasingly strapped for cash and many have hitherto had a laissez faire attitude when looking into the finances of the elderly.  This is almost certainly going to change.  However by changing the way you own your home, combined with the appropriate Trust planning, will help ensure that your property is protected should either of you enter care. Also, by simply changing the way any other assets are invested and held, can ensure that your cash or liquid assets are also protected from Care.  For instance the capital element of life insurance bonds is not assessable by the Local Authority, although any regular income received is taken into account.

WARNING: If your main motivation for doing the above is the avoidance of care fees, then the Local Authority will claim with some justification that it was deliberate deprivation of assets.  If however you did it for the reason of saving future generations from the effects of divorce and bankruptcy, then the Local Authority would have a much harder case to prove.  Contact us now.

Contact us now.

If you fail to act now...

Your home may have to be sold to pay for your Long Term Care costs.

Your savings and investments could be wiped out.

Any income would be assessed and used towards the cost of your care.

Your children and grandchildren could lose their entire inheritance.