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Transfer of savings from Grandad to me
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I need to find out the exact facts, exactly how much they have, what their plans are etc and then i'll post them up... Thanks for all of your responses...0
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Paul_Herring wrote: »Ok then. It'd be deliberate deprivation of assets, and when found out would have to be returned.
No it doesn't have to be returned. Where did you get that from?
What would happen is that care home fees would be assessed as if he still had the money. As care homes have a habit of making a relative responsible for fees rather than the person themself I suppose that indirectly could be a way of returning the money0 -
What's the difference? If they end up having to be self funding as a result, the fees will still have to be paid.What would happen is that care home fees would be assessed as if he still had the money.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
If this elderly couple's only savings are £15K between them i.e. if £7,500 each is all the resources they have, even if the old lady needs to go into a home her £7,500 would be disregarded. You need a fair bit more resources than that before you become eligible to self-fund. Also if the old couple own their home and grandad continues to live in it, the house would be disregarded i.e. not assessed.[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0 -
Paul_Herring wrote: »What's the difference? If they end up having to be self funding as a result, the fees will still have to be paid.
In many cases the result is the same - but it can make a difference as to who pays the fees0 -
The person who goes into care is normally the person who gets billed for the fees, even if someone else has to deal with paying the money over.
With £7,500 total resources, no fees would be charged AFAIK.[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0
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