Financial & Legal News

Earlier Introduction of New Care Fees Cap Will Still Force Many to Sell Home

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The Chancellor’s promise to introduce the cap on care home fees a year earlier,  in 2016, will make no difference for many people who will still have to sell their family home to pay for the cost of care in their old age, says Mike Talbot, Partner at  Oldham and Tameside law firm Pearson Solicitors.

“The introduction of the £72,000 lifetime cap on care fees announced in the 2014 Budget, does not include costs for food and accommodation, so it will still mean that couples with homes valued from £250,000 upwards may be forced to sell up to pay for care.

“A well-drafted will, which puts shares in the family home into trust, still remains the simplest, safest and proven method of limiting one’s liability for residential home fees,” says Mike Talbot, specialist solicitor dealing with NHS Continuing Healthcare Funding.

“However, if you wish to find out about challenging a decision by the NHS to reject funding or reclaim care home fees paid in the past that should have been funded by the NHS, I would recommend contacting a member of our experienced team of specialist solicitors on 0161 785 3500.”

 

 

 

 

 

 

 

 

 

 

 

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

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