USING YOUR WILL TO PROTECT YOUR HOME  AGAINST NURSING HOME FEES

This information is generally for estates below £300,000 Most of us spend twenty five years buying our homes.  What cruel fate it is to then loose it because we have to spend a couple of years in a Nursing Home later in life.  Most people do not realize they can protect their homes against Nursing Home Fees with a properly constructed Will.

THE PROBLEM: Generally people leave their estates to each other and then to their children. The trouble is if either of you pass away and the survivor should go into care the house may be sold to pay for their care fees.  Leaving your children or next of kin with little or no inheritance.  Each year literally thousands of people, needlessly loose their homes to pay for their care fees.

THE SOLUTION;   You can make or change your Wills to include a clause which leaves your share in your property direct to your children (other beneficiaries) and leave your surviving spouse lifetime residence.

This means, if your spouse were to go into care after your death, you will have protected half your house against care charges as social services will only be able to take the remaining half into account.  You will also have an allowance of £21,000 which they can not touch.  This also protects your share of the property for your children (other beneficiaries) were to remarry after you death.

 Unfortunately, the only time you can do this is before it happens, so the sooner done the better.

WHAT TO DO NEXT;  Your house is probably owned in “Joint Names” so we will need to make changes in the way you own your property with the Land Registry.  You can then leave your share of your property direct to your children.

We will also write new Wills for you both which includes a clause leaving your half of your property direct to your children with a residential rights clause included in both Wills to allow the survivor to live in the property for as long as they wish.  It will also give them permission to sell the property and purchase another and invest any surplus capital for their benefit.

HOW MUCH DOES IT COST?  All estates are different and the costs vary depending on the value of your property.  Because of this, we offer a free no obligation 45-minute consultation at your own home.  We will advise you of the cost before starting any work and will do nothing without your go ahead.  So it will cost you nothing to find out how to protect your property!   If you like, telephone the number above to arrange a free consultation.

Please Note:  This information is designed as an “Easy Guide” to give you a basic idea of how to protect your Home.  It should not be used as any recommendation from WDS Will Writers Ltd, as all circumstances are different.