Articles about solicitors and legal services

Increase in care home fees could affect people’s wills

Recent increases in care home fees mean that many elderly people could be left with nothing to leave to their families in their wills.

The warning from the Law Society follows research by Age Concern and Help the Aged which shows that the average care home fees are now £470 a week.

The President of the Law Society, Robert Heslett, said: "There is a danger that many elderly people are dipping into their life savings, selling their homes or other assets to pay care home fees.

"In many instances, they will have asked their solicitor to include those assets in their will to be left to family and loved ones. However, there could be nothing left once their care home fees are paid for."

The Society says it is concerned that not enough people are updating their wills to take account of care home fees together with the added problems caused by the recession.

Mr Heslett said: "A regular review of a will with your solicitor can ensure that family, friends and any charities are still able to receive something. It is worth asking your solicitor to include a ‘plan B’ in case your home has been sold and cannot be passed on, at least that way, if you are forced to sell up to pay for care or for any other reason, the intended recipients of your estate receive something else."

If you wish to make an appointment, or ask us a question please contact us.