• Banner caption goes here

Long Term Care

An estimated 70,000 people per year have to sell their homes to pay for care. You don’t need to be one of them.

Means testing and senior care funding

Your local authority can take 100% of your assets to pay for your long term care. In order to access the care system, you will be “means tested”. Only those who have assets totaling less than the £14,250 threshold will be entitled to the maximum possible public funding.

This basically immediately eliminates anyone who owns their home outright, who has savings, ISAs, stocks and shares, or other valuable assets.

Long term care costs and funding

If the council considers you can pay for your own care:

  • Your home may have to be sold to pay for your Long Term Care costs.
  • Your savings and investments could be completely wiped out.
  • Any income would be assessed and used towards the cost of your care.
  • Your children and grandchildren could lose their entire inheritance.

At Panthera Estate Planning, we can help with potentially protecting your assets. This includes:

  • Ensuring your financial assessment for you or a loved one has been done correctly
  • Liaising with a local authority or council on your behalf if issues arise on the outcome of a financial assessment
  • Advising on the appropriateness of any care home contract

Private long term care provisions

If you have well-managed assets, you may prefer to pay for your own long-term care yourself privately. Our sister company Panthera Wealth can also advise you on ways to maximise your wealth, assets and income to pay for your long term care in the future - and continue to live the lifestyle you wish now. Call us for details.

Want more information?

Read our long term care guides, or call us today to discuss your own situation and concerns

« Return to Our Estate Planning Services

I have no reservations about Panthera - they appear to be a forward thinking company making life for the client a pleasure to deal with. I would thoroughly recommend them to anyone who needs sound professional advice concerning Estate Planning.