Negotiating the deprivation of assets can be an essential process for people seeking to handle care solutions.
Certain key parameters exist for the provision of free care, with some identifying the stripping of assets from the individual concerned as one way to get round this problem.
However, experts warn that even those who dispose or give away assets may find themselves liable for costs.
This is because Local Authorities may consider this process a deprivation of assets – which is taken into account in any financial assessment.
This can involve the use of trust finds, lump sums of cash or even unusually high expenditure.
|