One of the problems of advancing years is that very often people become incapable of looking after themselves adequately and have no-one living with them who can provide the care they need. In these circumstances, many people may need to go into a nursing home or some other form of long term residential care.

Your capital and home can be used to pay for this care. However, many people object to the erosion of their children’s inheritance and seek to avoid their assets being used to pay for fees in this way. Simply transferring ownership to your children does not guarantee protection for your assets and we do not recommend this for various reasons. Latimer Hinks can provide advice and practical help on the best ways of dealing with this situation.