21.3.1 Obligation to sell the home

Clearly for those people who have considerable assets, the impact of the local authority charge will be of little concern. For these people, if they do need to go into care they would probably like the choice of care home, the costs of which they could fund from their own assets/investments. If the family requires a degree of certainty over outgoings, in appropriate cases they could consider an immediate needs annuity.

The people who are most concerned about the current care issues are those who do not have substantial assets but do own a house that, if it is included as a financial asset, would cause them to exceed the current capital limits.

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