Long Term Care in the UK is means tested and for those pensioners that suffer from dementia it is extremely hard on the families. It is so important to ensure that an Enduring Power of Attorney is put into place very early and that the family seek independent legal and financial advice.
Many dementia cases are people well into their eighties and nineties and many need a higher level of care that of course means paying higher fees, the care is also generally required for a long period.
Unlike NHS care, social care is means-tested, and those with assets of more than £23,250 – which can include the value of a home – are deemed to be “self-funders”. Chris Horlick, the managing director of long-term care at Partnership, a specialist insurer, says: “With an ageing population this is a growing problem. Those suffering dementia often need a higher level of care, which is of course more expensive, and they may need this care for years and years.
The family of those with dementia need to consider if care is to be provided in the clients home or in a care home. Assistance from a specialist care fees adviser can be of immense benefit and the adviser would consider any benefit that are being claimed or entitlements, income including from current investments, and any potential inheritance tax liability.
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