MDG Professional Services

Over the next 10 years, in the UK, an average of over £82,000,000 of family wealth will be transferred every single day. What is not so readily understood, is what could happen to reduce or completely dilute this wealth transfer.

“You can’t assume that if your parents are wealthy it’s all coming to you”

If you're transferring wealth or expecting to receive it, this series of podcasts should interest you. Join Peter and Nicola each week as they discuss the ins and outs of future wealth planning with guests from their professional associates who discuss the best way to manage this wealth transfer process.

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MDG Professional Services

Episode 4 - Long Term Care

November 09, 2021 • Peter and Nicola • Season 1 • Episode 5

With an ageing population and increased family blending through divorce and remarriages looking out for loved ones can be very testing. In this episode Nicola interviews Peter to get practical tips on claiming benefits and looks at ways of using the family home to pay for care.

Episode Links:

Care home checklist - Your practical guide to finding the right home.
NHS Funding Fact sheet - This factsheet explains what NHS Continuing Healthcare is; how the NHS decides whether you are eligible for it and what to do if unhappy with an eligibility decision.
Family Home - This factsheet explains how your property is treated in the local authority financial assessment if you go to live permanently in a residential care home.

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