{"id":19788,"date":"2024-10-30T12:13:49","date_gmt":"2024-10-30T12:13:49","guid":{"rendered":"https:\/\/ctt-group.co.uk\/?p=19788"},"modified":"2024-10-30T12:13:50","modified_gmt":"2024-10-30T12:13:50","slug":"preserving-assets-the-role-of-live-in-care","status":"publish","type":"post","link":"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/","title":{"rendered":"Preserving Assets: The Role of Live-in Care"},"content":{"rendered":"
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In this guest article by The Live In Care Company, learn h<\/strong>ow live-in care can help maintain a high quality of life for individuals while minimising the financial impact on their estates<\/strong><\/h4>\n

As individuals age, their need for care and support may increase, often leading to significant financial burdens for families. Live-in care offers a valuable solution that can help preserve assets while ensuring a high quality of life.<\/p>\n

Understanding Live-in Care<\/strong><\/h4>\n

Live-in care involves a professional caregiver residing in the individual’s home, providing personalised assistance with daily activities such as:<\/p>\n

    \n
  • Personal Care<\/li>\n
  • Companionship<\/li>\n
  • Medical management<\/li>\n
  • Housekeeping<\/li>\n
  • Meal preparation<\/li>\n
  • Transport<\/li>\n<\/ul>\n

    By living in the same environment, the caregiver can offer continuous support, fostering a sense of security and familiarity.<\/p>\n

    Minimising Financial Impact<\/strong><\/h4>\n

    Live-in care can often be a more cost-effective option compared to assisted living facilities or nursing homes, especially when factoring in transportation costs and potential fees.<\/p>\n

    Delayed Institutionalisation:<\/strong> By providing quality care at home, live-in care can help delay or even avoid the need for institutionalisation, which can be significantly more expensive.<\/p>\n

    Preserving Assets:<\/strong> By minimising healthcare costs and expenses associated with institutionalisation, live-in care can help protect an individual’s assets and ensure a comfortable retirement.<\/p>\n

    Retaining Property Value<\/strong><\/h4>\n

    For many families, the family home is more than just a property; it’s a cherished asset that they hope to preserve for generations to come.<\/p>\n

    Avoiding Forced Sale:<\/strong> When individuals enter care homes, they often face the difficult decision of selling their home to cover the substantial costs of care. Live-in care eliminates this pressure, allowing them to maintain ownership of their property.<\/p>\n

    Preserving Equity:<\/strong> Home equity is a valuable asset that can provide financial security. By staying in their own home with live-in care, individuals can preserve this equity for future needs, such as home improvements or inheritance.<\/p>\n

    Leveraging Equity Release<\/strong><\/h4>\n

    As families seek financial solutions to support their loved ones in need of care, equity release has emerged as a viable option, offering a way to access funds without selling the family home.<\/p>\n

    Exploring Options:<\/strong> Equity release schemes can provide a source of income without selling the property outright. Individuals who choose live-in care can explore these options to supplement their retirement income and maintain their lifestyle.<\/p>\n

    Strategic Planning:<\/strong> Consulting with a financial advisor can help individuals assess the suitability of equity release and determine the best approach to maximise benefits while minimising risks.<\/p>\n

    Ensuring a High Quality of Life<\/strong><\/h4>\n

    Live-in care offers a personalised approach, tailored to individual needs and preferences. Caregivers provide support with daily tasks, fostering independence and dignity while offering companionship and emotional support. This personalised approach not only enhances quality of life but also helps preserve valuable assets. Ultimately who wouldn\u2019t prefer to stay at home!<\/p>\n\n\t<\/div>\n\t

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    \n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":19789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nPreserving Assets: The Role of Live-in Care - CTT Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CTT Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/\",\"url\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/\",\"name\":\"Preserving Assets: The Role of Live-in Care - CTT Group\",\"isPartOf\":{\"@id\":\"https:\/\/ctt-group.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ctt-group.co.uk\/wp-content\/uploads\/2024\/10\/shutterstock_2183157737.jpg\",\"datePublished\":\"2024-10-30T12:13:49+00:00\",\"dateModified\":\"2024-10-30T12:13:50+00:00\",\"author\":{\"@id\":\"https:\/\/ctt-group.co.uk\/#\/schema\/person\/2ee80a3f05c1786db5a83a7eb1dc2006\"},\"breadcrumb\":{\"@id\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/#primaryimage\",\"url\":\"https:\/\/ctt-group.co.uk\/wp-content\/uploads\/2024\/10\/shutterstock_2183157737.jpg\",\"contentUrl\":\"https:\/\/ctt-group.co.uk\/wp-content\/uploads\/2024\/10\/shutterstock_2183157737.jpg\",\"width\":800,\"height\":533},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ctt-group.co.uk\/preserving-assets-the-role-of-live-in-care\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"CTT Group\",\"item\":\"https:\/\/ctt-group.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Preserving Assets: The Role of Live-in Care\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ctt-group.co.uk\/#website\",\"url\":\"https:\/\/ctt-group.co.uk\/\",\"name\":\"CTT Group\",\"description\":\"Problem Solvers. 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