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The Times & The Sunday Times
The Times & The Sunday Times
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Assets for care

Placing assets in trust and allowing the income from them to be used to fund care is a way of addressing the shortfall in funding
The Times
The Times

Sir, Andrew Dilnot (report, July 5) and Daniel Finkelstein (Opinion, July 6) both fail to identify the potential income from assets as a source of funds for elderly care. Placing assets in trust and allowing the income from them to be used, tax-free, to fund care is an alternative that could meet the immediate needs and the desire to pass assets on to one’s family.

Should a shortfall occur, the trust can continue after death to repay the extra costs, or the heirs can liberate the capital and pay it off.

John Moss
London E4