Managing Your Money 

Covering a £10k care cost shortfall

Reader Portfolio

Diane/John, 95

Description

Isa and trading account

Objectives

Cover £10,000 a year shortfall in care home costs


                <p>Isa and trading account</p>

John is running a portfolio on behalf of his 95-year-old mother Diane for whom he has an enduring power of attorney. She is in a care home and about two years ago sold her home and gave her two children £100,000 each. Before the sale she had assets worth about £390,000 - £300,000 in investments and £90,000 in cash. She now has about £686,000.

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