Elderly Clients

Care Fees Funding

Many people who are confused by the myriad of ways in which care costs can be funded.

Payment of your care fees, whether you are receiving that care in your own home, or in a care home, can be made either by you, your local authority, your health authority, members of your family or any combination of those. How this is decided depends upon the type of care you need, your financial means and the type of home you go into. This Guide aims to give you some basic information regarding these different forms of funding.

Deputyship

When a person lacks the mental capacity to make decisions about their own affairs, a Deputy can be appointed by the Court of Protection to make such decisions on their behalf.

This may be a friend, a relative or a professional person. In the past, these used to be known as Receivers. It is generally preferable for a person’s affairs to be dealt with under the terms of an enduring or Lasting Power of Attorney, but where a person has not made either of these, an application for a Deputy to be appointed should be made.

Equity Release

As part of the advice we give regarding mortgages, we also advise on equity release schemes.

Equity release products are generally aimed at people over the age of 55 who own their own home. Like a lot of people, you may find that the bulk of your worth is tied up in your property and, it may be that you would want to use some of this value to do some of the things that you have always wanted to do but not had the opportunity to do.

Lasting Powers of Attorney

A legal document that enables you to appoint another person or persons (your attorneys) to make decisions on your behalf should you ever be in a position where you are unable to make those decisions yourself.

Your attorneys will generally have exactly the same powers as you do to make the same decisions that you make now.

Advance Decisions

A legal document that enables you to set out in advance what medical treatment you would or would not wish to receive, if you are ever in a position not to be able to make that decision at the time. They used to be called Living Wills.

Advance Decisions cannot be used to appoint other people to make those decisions on your behalf. If you wish to do that, then you will need to make a Lasting Power of Attorney.

Why Should You Make a Will

It is so easy to put off making a Will but it is the only mechanism open to you to ensure that your wishes as to the disposal of your property on your death are properly expressed and followed through.

If you die without making a Will, the law imposes its own rules (Intestacy) which could mean that relatives or others inherit in an unintended way. A Will enables you to put the person (or persons) of your choice in control of your affairs after your death. If you do not make a Will the person who ends up dealing with your estate could be unsuitable.

Request a Quotation

For a quote on various fixed fee matters please click on the appropriate form below :

Residential property (sales or purchases) quote form
Wills quote form
Lasting Powers of Attorney quote form

Please contact us for more information.