{"id":892,"date":"2024-10-11T19:41:20","date_gmt":"2024-10-11T19:41:20","guid":{"rendered":"https:\/\/chasebelgrave.com\/index.php\/2024\/10\/11\/my-wifes-care-costs-will-increase-by-40000-what-do-i-do\/"},"modified":"2024-10-11T19:41:20","modified_gmt":"2024-10-11T19:41:20","slug":"my-wifes-care-costs-will-increase-by-40000-what-do-i-do","status":"publish","type":"post","link":"https:\/\/chasebelgrave.com\/index.php\/2024\/10\/11\/my-wifes-care-costs-will-increase-by-40000-what-do-i-do\/","title":{"rendered":"\u2018My wife\u2019s care costs will increase by \u00a340,000 \u2013 what do I do?\u2019"},"content":{"rendered":"<div data-trackable-section=\"article-body\"><\/p>\n<h2>Addressing the Rising Care Costs for George and Linda<\/h2>\n<p><\/p>\n<div class=\"summary\" data-block-label=\"summary\"><\/p>\n<ul><\/p>\n<li>Our reader\u2019s care costs are about to increase significantly<\/li>\n<p><\/p>\n<li>He doesn\u2019t know how much he should give away to cut IHT<\/li>\n<p><\/p>\n<li>Should he reduce his property exposure?<\/li>\n<p>\n        <\/ul>\n<p>\n    <\/div>\n<div class=\"portfolio-section\"><\/p>\n<h3>Reader Portfolio<\/h3>\n<p>\n            <span class=\"portfolio-section__reader__name\"><br \/>\n                George and Linda<br \/>\n            <\/span><\/p>\n<p>            <span class=\"portfolio-section__reader__age\"><br \/>\n                77 and 75<br \/>\n            <\/span>\n        <\/p>\n<div class=\"portfolio-section__description\"><\/p>\n<p>\n                Description\n            <\/p>\n<p><\/p>\n<div class=\"portfolio-section__description__value\"><\/p>\n<p>Isas and general investment accounts<\/p>\n<p>\n            <\/div>\n<p>\n        <\/div>\n<div class=\"portfolio-section__objective\"><\/p>\n<p>\n                Objectives\n            <\/p>\n<p><\/p>\n<div class=\"portfolio-section__objective__value\"><\/p>\n<p>Fund care costs, reduce inheritance tax<\/p>\n<p>\n            <\/div>\n<p>\n        <\/div>\n<div class=\"portfolio-section__type\"><\/p>\n<p>\n                Portfolio type\n            <\/p>\n<p><\/p>\n<p>\n                Investing for income\n            <\/p>\n<p>\n        <\/div>\n<p>\n    <\/div>\n<p>Prohibitive care costs can be a concern even for people in the most solid of financial circumstances \u2013 particularly if you find yourself having to reorganise your assets at a time that is already emotionally harrowing. George and Linda, aged 77 and 75, are facing this dilemma as they navigate the complexities of funding their care while also looking to reduce their inheritance tax liabilities.<\/p>\n<p>One of the key questions they are grappling with is how much they should give away to cut their inheritance tax bill. This decision involves careful consideration of their assets, including Isas and general investment accounts, and how best to allocate them to achieve their objectives.<\/p>\n<p>Additionally, George and Linda are pondering whether they should reduce their property exposure as part of their overall financial strategy. This move could have implications for their income generation and long-term financial stability, making it a decision that requires thorough analysis and planning.<\/p>\n<p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Addressing the Rising Care Costs for George and Linda Our reader\u2019s care costs are about to increase significantly He doesn\u2019t know how much he should give away to cut IHT Should he reduce his property exposure? Reader Portfolio George and Linda 77 and 75 Description Isas and general investment accounts Objectives Fund care costs, reduce [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[182,559,731,1290],"class_list":["post-892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","tag-care","tag-costs","tag-increase","tag-wifes"],"_links":{"self":[{"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/posts\/892"}],"collection":[{"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/comments?post=892"}],"version-history":[{"count":0,"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/posts\/892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/media\/893"}],"wp:attachment":[{"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/media?parent=892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/categories?post=892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chasebelgrave.com\/index.php\/wp-json\/wp\/v2\/tags?post=892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}