Perhaps the biggest modern injustice we all face is the fact that in the UK we are forced to self fund residential care costs in our old age if it is required.
This means using all of our capital ( cash ) and when that runs out being forced to sell our homes.
Why should this be, we will have spent our entire working life working and paying NHS stamp and taxes and trying hard to create an inheritance to leave to our children.
Considering 1 in 3 of us will need this type of care at an average cost of £35,000 per year someone is doing very nicely out of it , thank you very much. Also it projected that by the year 2020 a four year stay in care will cost £250,000.
Over 70,000 people are forced into selling the family home every year, meaning 70,000 sets of children will not benefit from their parents hard earned estate when they die, as i`m sure the parents never intended to happen.
So what can be done about it ?
Fortunately a Will properly prepared by a qualified Will Writer can, by correctly using trusts can guarantee you will never lose your home to these unfair costs.
If you would like to learn more visit www.mcwillwriters.co.uk
Wednesday, 7 October 2009
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