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Mounting care home fees could wipe out wills

Elderly couple coping with dementia

Increasing care home fees could mean elderly people have nothing to leave in their wills. This warning follows a report that more than 20,000 pensioners had to sell their homes last year to pay for residential care home fees- an increase of 17 percent in the past five years.

 

Last year's Age Concern/Help the Aged estimates put average care home fees at £470 per week, prompting the Law Society to warn that many wills could need reviewing as care residents' assets continue to deplete. The figures are based on research by health care analysts Laing & Buisson and the House of Commons Library.

         

Long term care: News update: 12 November 2010

 

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  • Find out more about long term care insurance

 

  • What is long term care?

 

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