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What if you give your money away in order to qualify for funding earlier?

Question:
What if you give your money away in order to qualify for funding earlier?
Answer:

Before giving away any large gifts or property, or before putting your capital into a trust, you are advised to seek independent legal advice.

This is because the council may treat you as still having those funds, if the reason you gave them away was to avoid paying for care or reducing how much you pay for care. In addition, the council can ask the recipient of those funds to pay your care fees (but they will be limited to the amount they were gifted).

 

 

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