There has long been speculation in the media about care home costs in Great Dunmow and other locations not only in Essex but also throughout the rest of the UK.

However, whilst the reality is that it is virtually impossible to effectively determine how much an individual needs to pay when they go into either a care or nursing home, official figures from the last year alone would seem to imply care home costs in Great Dunmow are increasing by approximately 5% annually and currently averages out at approximately £29,000 per year.

Clearly, this is a significant concern for a population that is clearly living longer and the press have long recognised this with innumerable sad stories about vulnerable adults even having had to sell their homes to afford care home costs in Great Dunmow and other areas throughout the UK. That this has proved to be the case is despite the UK government’s insistence this issue has been addressed this issue through the introduction of a £72,000 cap on care home costs in Great Dunmow and other locations in Essex and the whole of the UK as of 2016.

However, it has been found the average resident lives for approximately two and a half years in care leading to their incurring fees of approximately £69,000 so it may be said many will not be able to benefit from this kind of cap at all in reality. Additionally, it has also been recognised that this kind of cap only actually covers care fees and not accommodation and food which is also likely to cost another £12,000 per year.

Nevertheless, it is also to be noted that new legislation will be put into place so anyone whose total assets are worth less £118,000 will be able to get some form of financial help with the payment of care home costs in Great Dunmow and other locations throughout Essex.

In the event that you are concerned about whether you or someone close to you may need some sort of residential care either now or in future and how such fees will affect the value of the estate concerned then please contact us via www.andrewdouglaswills.co.uk for advice on potential solutions for providing for your assets protection through the terms of a valid Will in places like Great Dunmow.

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