Solicitors Specialising In Care Home Fees
Planning for care home fees might not seem like a priority, but doing so now could help give you peace of mind.
Care homes can be expensive, and most people will be expected to pay their own fees.
If you do not plan for these eventual costs, your home may need to be sold to pay for your care.
At Monan Gozzett, we can help you identify all the potential expenses you can expect to face and how your estate and assets are structured.
Contact our care home fees solicitors today by calling 0207 936 6329 or by filling out the form below.
The True Cost Of Care Home Fees
On application, your local authority will undertake a financial assessment to determine whether you qualify for state-funded care. However, if your estate exceeds £23,500, they will not contribute to your fees.
So, how much could care home fees cost?
Suppose you take the average costs of a care home (£2,000 - £3,000 per month) and the average length of time that an individual can expect to be a resident (4.5 years). In that case, you could be looking at care fees totalling £135,000.
Without proper financial planning, your home might have to be sold to pay the care home fees. But with the right legal guidance, you could help plan your finances for the future.
How Can Our Care Home Fees Solicitors Help?
At Monan Gozzett, we use our comprehensive knowledge and experience to advise clients who do not yet need care on ways to reduce exposure to care fees, whether through lifetime gifts, , Trusts or other arrangements.
We ensure to stay up to date on the latest developments, including government proposals, so we can advise you on any likely changes to care fee rules in future that may affect your options.
Our services also include the following:
- Advice on any state benefits you're entitled to
- Advice on other funding methods, including NHS Continuing Healthcare
- Structure of your Will (and your spouse or partner's) to ensure your inheritance is protected for your loved ones
Find Out More From Our Care Home Fee Solicitors
If you are currently receiving care or likely to require care in the near future, we can assist you in fully using available allowances and benefits to make your money go further.
We also work with suitably qualified Financial Advisors, Independent Care Consultants and other professionals who can provide additional guidance or arrange insurance products to limit care costs.
Contact Monan Gozzett today by calling us on 0207 936 6329. Alternatively, you can email our team or fill in the form at the bottom of this page.
With offices in Sussex, Hampshire, Surrey, London and Yorkshire, we can arrange virtual or face-to-face meetings with clients. Find out more about our office locations.
We look forward to hearing from you.
Our Solicitors Answer Your Care Home Fees FAQs
Is there any state support for care home fees?
Yes, there is, but there are stringent rules to determine who can benefit. The two bodies that contribute towards care home fees are the NHS (based on your condition) and your local authority (based on your finances). We can help advise on whether you could qualify for either.
What happens if I don't plan for care home fees?
Depending on your health and finances, it is likely that you will be required to pay for some - or all - of your care home costs. If you don't plan ahead for care home fees, you may have to sell your home to pay any necessary fees and /or use other assets that would otherwise be passed on to loved ones. The proper planning could also help identify any state support you are eligible for.