Protective Property Wills:

As reported in The Independent, 31st Jan 2006, over 200 homes are taken by councils every day to recover long term care costs. Protect your home from long term care fees. Ask for more details.

Setting up a Protective Property Will allows clients to protect their property from the Community Care Act of 1990.

Last year, 70,000 homes (200 every day) were taken by Councils throughout the UK to recover Long Term Care costs.

Should a person having total assets in excess of around £20,000 go into care, that person is liable for their care costs. Having exhausted any money available, the Council would then look to recover its costs by selling the home. Ask for more details.

Severance of Tenancy: Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.

The alternative is a 'Tenancy in Common'. This means that each party owns a share of the property and can deal with it as they wish. If one partner needed residential care, only their share of the property would be taken into account, therefore, preserving the share of the other partner.  The difference with this arrangement is that your children would be guaranteed to inherit at least some of the value of your home.