Wills at risk as elderly sell up for care fees
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Thousands of elderly people are being forced to sell their homes to pay for expensive care fees - putting themselves at risk of ending up with outdated wills, according to the Law Society.
Prime Minister Gordon Brown recently announced a £6bn shortfall in funding for care, which means that many people will be left to pay for it themselves. Long-term care costs an average of £450 a week.
The Law Society is urging anyone considering selling their house to cover care costs to reassess their will. Andrew Holroyd, president of the Law Society says: ‘It is worth asking your solicitor to look again at your will and amend it to include a ‘plan B’ in case your home has been sold and cannot be passed on. At least in that way, if you are forced to sell up, the intended recipients of your estate receive something else.’
This is an article taken from the Observer dated 25/3/08
