Families are being put at risk by unregulated firms promising to help them avoid care fees and inheritance tax, lawyers and financial advisers have warned. Richard Bates, a partner and specialist in elderly clients at Coole Bevis , says that arrangements that put property into trust during an individual’s lifetime could fall foul of the law: “If you are going into a scheme with the intent of not paying for the full cost of care, and making the local authority put their hand into pocket instead, there is the potential to commit a fraud”.
Posted 12/01/2018