Transferring Home to Children

Rainmaker_uk

ladymarmalade1970 wrote: »

Why bother going without and saving??? Spend your money on yourself and don't be prudent. If you don't then others that have had holidays etc and not saved will be getting their care etc with the money you stashed whilst going without stuff.
Hardly fair is it....
Hardly giving a good reason to save either.

To the person who started this thread. I would get myself a VERY good solicitor and use some of the money from the house to make sure that my finances were tied up so only the people i worked so hard to provide for got them.

*Just remembered my partners parents are really hard up and don't even own their own house. They have worked HARD all their lives and they didn't have luxuries. In fact, my partner never even went on holiday as a child so that first statement was a bit rash. Sorry.
I still don't think old people who have saved should have to use that money though. It's not fair.

My point exactly - they have paid already.

00ec25

Rainmaker_uk wrote: »

My point exactly - they have paid already.

OK so using your rationale I, as a single person of middle age, who has therefore been paying in all working my life, should get a rebate from the education budget and the child benefit budget as I do not have children

grow up and stop moaning, the system is not "fair" but being an adult is about supporting others who are not in the same position as yourself, that means contributing to society, not just taking out

Rainmaker_uk

00ec25 wrote: »

OK so using your rationale I, as a single person of middle age, who has therefore been paying in all working my life, should get a rebate from the education budget and the child benefit budget as I do not have children

grow up and stop moaning, the system is not "fair" but being an adult is about supporting others who are not in the same position as yourself, that means contributing to society, not just taking out

No one is asking for a rebate. You are confusing a rebate with not having your house taken off you to pay for care which you have been funding through NI and tax your whole life. I don't see why this is controversial.

How would you feel if I came along and took your inheritance for your children and spent it on repaving the roads as this was needed in the local area? Concept is similar both things need doing and your children would have needed to use the roadsas well.

Torry_Quine

00ec25 wrote: »

OK so using your rationale I, as a single person of middle age, who has therefore been paying in all working my life, should get a rebate from the education budget and the child benefit budget as I do not have children

grow up and stop moaning, the system is not "fair" but being an adult is about supporting others who are not in the same position as yourself, that means contributing to society, not just taking out

Exactly, we all pay taxes for services which we don't use.

Rainmaker_uk wrote: »

No one is asking for a rebate. You are confusing a rebate with not having your house taken off you to pay for care which you have been funding through NI and tax your whole life. I don't see why this is controversial.



How would you feel if I came along and took your inheritance for your children and spent it on repaving the roads as this was needed in the local area? Concept is similar both things need doing and your children would have needed to use the roadsas well.

No-one should be thinking that the tax they pay is then used for the specific services that they require. Taxes paid now by you pay for current services, if in the future you or anyone else requires care it would be paid by the taxpayers of the time if the individual cannot fund it. You do not have your own fund on which to draw.

noh

No one has their house taken off them to pay for care.
http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/FS38_Treatment_of_property_in_the_means_test_for_permanent_care_home_provision_April_2010%c2%ad_fcs.pdf?dtrk=true

The social security system in the UK is there as a safety net. It is designed to help those who are not able to help themselves.

Neither you or anybody else has been paying in to fund their own care.
You pay tax and NI some of which is used to provide means tested benefits.

Permanent care home provision is one of these means tested benefits as is pension credit, housing benefit, council tax benefit and many others.

Are you suggesting because you have paid tax and NI you should also get all these other benefits paid to you?

Bogof_Babe

Where does it say that paying tax and NI entitles you to free elderly care regardless of your individual circumstances? I must have missed reading that when it was announced.

Rainmaker_uk

It doesn't - this is what we are discussing

Bogof_Babe

Rainmaker_uk wrote: »

It doesn't - this is what we are discussing

Oh I'm sorry. I thought we were discussing the OP's belief that if his parents are expected to fund their own care then they are being "robbed" (of the value of the home they might have to sell to do so).

So we are agreed that actually no robbery is going on?

cte1111

I am so sick of greedy selfish people starting threads like this.

Apart from any moral implications (which obviously it is pointless engaging in with people who evidently don't understand the word), why can't they look at the half dozen almost identical threads posted in the last 2 weeks?

jimmo

noh wrote: »

But would it be reasonable to decide that the asset had been disposed of to reduce the charge for accomodation if the resident states that was the intention as in the original post?

When I posted that link to Age UK my motive was to point out that CRAG, nothing I have heard of before, seems to formalise matters a little.
From a personal point of view, if my 89 y o mother, who unfortunately has breast cancer, gifted me her mortgage free home but continued to live there for another year and then moves into a care home, would her local authority view her gift to me as deprivation of assets? I think so but do not know.
If I, as a relatively healthy 63 y o gifted my mortgage free home to my children now and 10 years down the line had to be placed in a care home I reckon that my local authority would struggle, under CRAG, to establish my deliberate deprivation of assets.
If my mother has to go into care I, and my siblings all agree that we would far sooner see her going into real quality care.
If our inheritance goes, so be it. If we, as her children, have to pay over the odds to keep her in better quality care than local authority standards we will do it.
My mum has looked after us for 60 + years. If it is our time to look after her then , by God, we will do it.