Practical Steps to Protect Your Assets from Care Fees
A Step-by-Step Personal Account of How I Was Able to Make Sure My Parents Property and Finances Were Protected Against Care Fees
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Narrated by:
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Tony Rao
About this listen
This book will be of primary interest to UK residents. Particularly if you are concerned about potentially losing assets to pay for care fees by taking preventative action now.
In Practical Steps to Protect Your Assets from Care Fees, I give my personal account of the steps I was able to take to protect my parents’ assets–so you can too.
And, when some years later my mother developed Alzheimer’s Disease, how I was able to have all her care fees paid for via NHS Continuing Health Care.
I write this book in the hope that it helps you to protect your own assets or the assets of your parents.
Had I not done what I set out in this book, my parents’ assets would have all have been at risk of being lost to care fees.
Instead, I was able to protect their assets as far as possible by advance planning. Despite my mother needing care some years later, not a penny was lost to care fees.
Inside I set out all the steps I took in conjunction with my parents. This includes:
- estate planning
- inheritance tax
- wills
- property trust
- lasting powers of attorney
- attendance allowance and carer’s allowance
- sourcing a care home
- and more....
Perhaps most importantly what NHS Continuing Healthcare is and how it can meet the full cost of care fees if the qualifying conditions are met.
Some planning now, based on my experience, can save a lot of hassle, pain and expense later on.
As everyone’s circumstances are different, rather than go in to great detail which may not be relevant to all listeners, I give you a framework if you will which I hope you will find useful to trigger your own thoughts as to what may be applicable to you based on your own circumstances and take additional advice from an appropriate professional (family solicitor for example) as to what will work best for you, your family etc.
©2025 Andrew Machin (P)2025 Andrew Machin