Headlines in the Daily Mail today reports that another 20000 homes had to be sold last year to pay for care fees of the elderly who had to move into Nursing or Care Homes. With annual fees now reaching an average of almost £30000 per annum people moving into care and owning their own property are finding they have to sell it to meet the cost.
Most of these could probably have been avoided by the simple act of Writing a Will . Married persons can prevent the loss of their whole property by writing a Will which passes their individual share down to a Trust for their children or other beneficiaries. Alternatively the whole property could have been placed in Trust in ample time to safeguard it from being sold for Care fees.
Action taken now can prevent much heartache and sorrow and protect your assets for your children.