You may be wondering: How do you avoid paying care homes luton fees? There are many options – a top-up fee can be paid for the cost of the care home or a shortfall between the local authority contribution and the full cost of a placement. If this is the case, you may need to seek help from family members or friends. The following article will explain the options available.
When your local authority does not increase funding to care homes, it may be necessary to pay a top-up fee. The care home’s staff and residents are expected to be aware of this, and they should discuss this with you if you believe that you do not have enough money to pay the full fee. However, you must also bear in mind that your local authority is not obliged to maintain your relative’s place at the expensive care home. In such a case, your local authority may let you stay in the care home but ask you to move to a cheaper room or require you to find another home.
Alternatively, you can ask family members or friends to top up the care home fees if you are unable to pay the full amount. Many care homes will accept a lower fee than the standard rate you pay and may even allow you to stay in the care home while you apply for funding. If the care home you’ve chosen doesn’t accept local council funding, you can ask a friend or relative to pay the difference. However, you must sign an agreement with the local council setting out the costs and payment schedule.
The shortfall between local authority contribution and cost of care home placement
If you are self-funding your care, it is likely that the local authority will not cover the full cost of the placement. This is because most self-funders are not wealthy. The current thresholds for state support mean that most property owners will not qualify. Also, there is no legal requirement for the LA to justify the fee charged by a care home. Hence, it is important to understand the benefits of self-funding and how the fees are calculated.
Selling your house to avoid paying care home fees
You may have to sell your house to avoid paying care home fees if you move into residential care. The fees are based on the market value of your property, fewer loans and 10% selling costs. However, you may be able to find alternative means of funding your care. Care annuities and insurance policies may be helpful. A deferred payment agreement will delay paying care home fees until the sale of your house or your death. In either case, the fees will be paid out of your estate.
A reputable financial adviser can advise you on ways to save money and make sure your estate plan is legally valid. Using a Will Power will ensure that all processes are legally valid. If you do not know your legal rights, you can consult with an attorney. A lawyer will also be able to help you sell your house if you are suspected of avoiding paying care home fees. If you decide to sell your home, be sure to explain why you are selling it. If you have legitimate reasons for doing so, you may not be subjected to any penalties.