Inheritance Tax and Care Fees Planning
You want to be in control of where you choose to receive care, but you also want to ensure that estate planning and Inheritance Tax mitigation measures are not compromised by those decisions.
Inheritance Tax used to only concern the really wealthy, but increasingly hits ordinary people too. All too often elderly people are approaching professionals to gift away assets, which can compromise their future care fees entitlement, meaning that they lose control of how and where they receive care. But, because of the "Potentially Exempt Transfer" seven year survival rules applying to such gifts, giving everything away does not necessarily help as a tax mitigation tool anyway. Care fees and estate planning are so inextricably linked that professional advice should always be sought before planning one because of the effects on the other.
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info
is here to help you with the many, varied, financial aspects of
care. But if your need relates to finding the best care,
either at home or in a care home, or you need advice about other
aspects of care, Grace Care who are independent care
advisers, may be able to help.
Click here for more
information about their services. |
We are only a phone call, fax or e-mail
away.
52 Colegate
Norwich
Norfolk
NR3 1DD
Tel: 01603 762899
Fax: 01603 219020
E-mail: advice08@futurecareassured.co.uk
/ http://www.futurecareassured.co.uk
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