Asset protection trusts are one way that can be used when paying for care.
Asset Protection Trusts are sometimes promoted as an effective way to give away your wealth (such as giving a home to your children) in advance of care needs, so that the assets aren’t counted in the financial assessment.
In this video I will explain how an Asset Protection Trust works and when they can go wrong.
Find a solicitor affiliated to The Society of Trust and Estate Practitioners (STEP): [ Ссылка ]
For more about paying for care as a self-funder, check out my video "Paying for care as a self-funder" [ Ссылка ]
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Asset Protection Trusts and paying for care
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