The rules for deprivation of assets - meaning the reduction of your assets by spending, gifts, certain investments etc - can be quite complicated and will affect your local authority means' test for care home provision.
In an effort to help you understand the process, Age UK has produced a factsheet, which should be read in conjunction with Age UK’s other factsheets on care home funding.
The timing and motivation for a disposal of assets are of central importance and the local authority has a responsibility to consider these elements as part of means test.
Deprivation of assets in the means test (PDF 98 KB)
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A factsheet explaining how reducing your assets can affect the means test for care home provision.
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