Paying for residential care

April 9, 2024

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Paying for residential care

As we age, the thought of having to move into a care home and Paying for residential care can be daunting. Not only is the idea of leaving our familiar surroundings unsettling, but the cost of residential care can also be a major concern for many individuals

As we age, the thought of having to move into a care home can be overwhelming. Not only is the idea of leaving our familiar surroundings unsettling, but the cost of residential care can also be a major concern for many individuals and their families.

One common fear is that in order to fund care home fees, one may have to sell their family home. This can be a distressing thought, as the family home often holds sentimental value and may be the only substantial asset that an individual possesses.

However, there are ways to avoid having to sell your family home to fund your residential care. Seeking professional advice is essential in order to make informed decisions about self-funding residential care. The team at Matrix Estate Planning has considerable experience helping people plan for care home fees and can provide guidance on the best options available to you. Get in touch with us on (07786) 361139 to discuss your individual circumstances and explore how we can help you plan for the future.

One option to consider is passing on your assets securely and safely in your lifetime. By downloading our free guide, you can learn more about how to protect your assets and ensure that they are passed on in a way that benefits you and your loved ones. Planning ahead with Matrix Estate Planning can give you peace of mind and ensure that your assets are managed according to your wishes.

Many people also consider gifting their savings or their home to a family member in order to avoid the risk of having to sell their home. While this can be a viable option, it is important to carefully consider the implications of such a decision and to seek professional advice to ensure that it is the right choice for your individual circumstances. Matrix Estate Planning can provide expert advice on the best course of action for your specific situation. Get in touch with us on (07786) 361139 to schedule a consultation and start planning for your future today.

Ultimately, there are ways to plan for care home fees and avoid having to sell your family home. By seeking professional advice from Matrix Estate Planning and exploring all of your options, you can make informed decisions that will provide peace of mind for you and your loved ones. Don’t let the fear of having to sell your home prevent you from getting the care you need – take control of your future and plan ahead with Matrix Estate Planning. Call us on (07786) 361139 to start planning for a secure future.

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