PROTECTING ASSETS FROM CARE FEES
The requirement to pay for our own care in older
age is an issue which causes distress to many of us and quite naturally,
we wish to protect ourselves from the financial consequences of
long term care costs.
Many seek to achieve protection through the gifting
of assets. However, this approach is often ineffective, undesirable
and indeed unnecessary. Whilst there are clearly a number of threats
and challenges in funding long term care, there are also a number
of measures which can be considered to provide for effective funding
and capital protection.