Care home fees, tax and the family home

The high cost of care raises important questions about funding, inheritance tax planning and eligibility for continuing healthcare (CHC) funding, explain Lisa Morgan and Catrin Wigley, partners at law firm Hugh James

Arranging care for a loved one can be an emotionally challenging experience – not least due to the financial burden it entails. Sadly, it is not unusual for the cost of care homes to reach up to £10,000 a month.

With an ageing population, the cost of care is a real concern for over 50s, not only for their own future care costs, but the number of people in their over 50s caring for elderly parents is increasing.

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