Care home fees and the unregulated market

 In Elderly/Vulnerable Client, Gill's Blog

Disclaimer: LawSkills provides training for the legal industry and does not provide legal advice to members of the public. For help or guidance please seek the services of a qualified practitioner.

One of the most visited articles on my website is “Asset Protection Trusts – appropriate or dangerous?” It is still the case that the issue of meeting the cost of care fees, when applicable, can mean the loss eventually of the family home. Take a local family, where the wife was diagnosed with early onset Alzheimer’s Disease – she spent 8 years in a nursing home to which the NHS Continuing Care system would not contribute. It cost her husband £400,000 in care fees before she died. He had to take out bank loans against the family home to meet some of these costs as all savings had been exhausted.

However, there continues to be much ignorance and poor behaviour connected with the sale of ‘schemes’ to reduce the risk of something similar happening to other members of the public.

The LawSkills Monthly Digest

Subscribe to our comprehensive Monthly Digest for insightful feedback on Wills, Probate, Trusts, Tax and Elderly & Vulnerable client matters

Not complicated to read  |  Requires no internet searching |  Simply an informative pdf emailed to your inbox including practice points & tips

Subscribe now for monthly insightful feedback on key issues.

All for only £98 + VAT per year.

Lawskills Digest

Recently, I was approached by the Money Box programme on Radio 4 to help with an enquiry from a listener on this issue. The podcast of the programme is worth a listen and informative – it may be something you would like to share with clients. I do not know how long the link will work but here it is: The Care Fee Trap.

There is also an online piece written by the reporter Michael Robinson which accompanies the programme and this can be found here “Trying to avoid care home fees? Think twice, consumers told”.

In-house discussion led updates

Now booking events with Gill Steel for Jan-Mar 2018

Facilitated discussion is a great way to learn and embed new skills.  Gill Steel is offering a practical ‘training’ session that will help solve the tricky client queries you face day to day. Let Gill collaborate with you to produce a highly motivating half-day training on, for example, tips when dealing with elderly & vulnerable clients or the favourite of the moment, the Residence Nil Rate Band.

To explain more on how a facilitated discussion led event can help you and your firm read “Do you enjoy a good, focused discussion?

Email sue.sheppard@lawskills.co.uk to find out more.

FREE monthly newsletter

Wills | Probate | Trusts | Tax  | Elderly & Vulnerable Client

  • Relevant learning and development opportunities
  • News, articles and LawSkills’ services
  • Communications which help you find appropriate training in your area
Recommended Posts
Case Summary from LawSkills | Private Client specialist trainersReboot your probate practice