Swallowing the bitter pill of residential care funding

Peter McGahan, managing director at Worldwide Financial Planning explains the complex process of ascertaining who and who is not entitled to local authority help with long-term care costs. There have been number of changes in the costs of long-term care, means testing and what assets are set aside and not taken into account. So much so, many people are uncertain how residential care rules are likely to affect them until they actually need help. It’s natural enough to believe that if a client has paid their taxes during their working lives they shouldn’t have to pay for the cost of this,...