Every year tens of thousands of people lose their homes and savings because they have to go into long term care. With the cost of care often exceeding £1000 per week it’s not surprising that many people find that there is little left to leave their loved ones.
However well your Will has been drafted, it does nothing to protect you or your assets during your lifetime and can only leave your family what is left when you pass away.
If your assets, including your home and savings exceed £14,250, you will have to pay towards the cost of your care and if they exceed £23,250 you will be expected to pay for all of it.