Useful Articles And Latest News From Dunham Care

Selecting the right care home is a careful balance; you want to make sure the living experience is right for you or your loved one, but you also need to ensure you can adequately pay the care home fees. Even if you’ve carefully planned for the future, funds can be depleted and savings run out, causing anxiety.

Many people believe that there is a 7 year rule for care home fees – the idea being that if you transfer money or property 7 years before moving into a care home, your assets will not be considered when calculating care home fees.

Power of Attorney is a legal document that grants power to a named person (known as ‘the attorney’) to make decisions on someone else’s behalf. These powers can be used to make decisions about an elderly relative or other loved one’s health and welfare, property, or financial affairs when they can no longer do this for themselves. Power of Attorney needs to be registered with the Office of the Public Guardian (OPG) for it to be formally recognised

Putting property in a trust to avoid care home fees is something many people look into when thinking about how to pay for care home costs. But unless you choose the right kind of trust and meet certain criteria, this isn’t a guaranteed way to get around paying care home fees. In this guide, we explain the different types of trust, and how to put a house in a trust to avoid care home fees.