Category: Care Home Fee Planning
On the 14th of May 2014, the Care Act 2014 received royal assent and is now law.
The Care Act 2014 brings with it major reforms to adult social care and support in the UK.
Previous laws surrounding adult care have been described as outdated and confusing.
The reason why the new act was needed was to create a modern law relevant to current and future needs of the people it protects.
- Written by: Jason
- Category: Care Home Fee Planning, Document Storage, Funeral Planning, Inheritance Tax Planning, Lasting Power Of Attorney, Probate, Tenancy Status / Land Registry, Will Writing
- Published: 17th December 2013
Confused About Will Writing and Estate Planning Terminology?
In order to help you through the maze of Will Writing and Estate Planning technical Terms. Mind At Rest Wills have put together an A to Z glossary of the most common legal terms used in writing your Wills and Trusts, we hope you find it useful.
According to insidegovernment.co.uk more than ten million people in the United Kingdom are currently aged over 65. And it is estimated that by 2035, the number of people aged 80 or older is projected to reach 3.6 million.
There is an increasing number of older adults with conditions such as dementia that require them to enter a care home in later life.
According to the Oxford Dictionary, the term “Deprivation” means, the damaging lack of material benefits considered to be basic necessities in a society. For example, the lack or denial of something considered to be a necessity like “sleep deprivation”. The term “Deliberate Deprivation” is more commonly associated with local authorities and their assessment of one’s assets for care home fees.
Will You Be Paying For Your Care?
The subject of Care Home fees and what is involved comes up a lot when I talk with clients. It is very important to help people understand the potential costs involved, should in later life they need to go into care they need to be prepared.
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.