Many of our clients are concerned by the thought of their assets being used to fund their care, should they require residential or nursing care in future years. Allow one of our solicitors to assist in providing you with peace of mind by talking through the available options to you.
Where appropriate, you may wish to consider placing some of your assets, such as your home, into a Family Protection Trust, which would enable you to plan, during your lifetime, how you wish your main assets to be dealt with should you go into long-term care.
There are many other good reasons for considering putting your assets into Trust. You may wish to avoid legal rights claims being made by children or other family members after your death. You may wish to exercise control over the timing of the payment of funds or transfer of assets from the trust so that the beneficiaries receive the payments at the right time for their needs.