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Plan ahead by making a Lasting Power of Attorney to ensure that your family or close friends can make decisions to deal with your property and finances and make welfare decisions if you are unable to do so. We can also offer advice about avoiding the implications of long term care fees, the Social Services trap and protection of assets.
Despite scare-mongering from other institutions, lawyer’s fees are often far less than those payable to other organisations who hold themselves out as experts in this field.
The Enduring Power of Attorney cannot delegate power to make welfare decisions and may not be sufficient to enable your Attorney to deal with your property so it is important to have it reviewed.
The 7 year rule relates to gifts being made to avoid Inheritance tax and not care home fees. This is a complex area where you should take legal advice.