Page 15 - CPB March 21st
P. 15
G4overnment assistance if the value of the assets held by the elderly person falls below £23,250 in England or £40,000 in Wales (only available to UK citizens and residents). Any property held by the elderly person will count towards the value of their assets.
N5HS Continuing Healthcare (only available to UK citizens and residents).
A6ttendance Allowance ((only available to UK citizens and residents)
Most of the routes set out above result in a direct and/or deferred sale of the elderly person’s property for no real economic purpose. On the other hand, the Care Property Bond might lead to a transfer of the property to the customer’s Estate, and if not, the net equity in that property.
