Gifting money to relatives

na24ex9gift

hi and I've never done this but there are protocols and I shouldn't wish to butt in. I have been searching for advice and commentary on the subject of care, elderly, gifting and all. My nan is 100 and talks complete !!!! but assessors believ every word?? She pays for own care but is left with no personal allowance. Mum thinks the £23k savings should be giftable according to general rulings you all allude to. how would this affect the issue of intentional deprivation though?
thanks
steve

Mojisola

na24ex9gift wrote: »

hi and I've never done this but there are protocols and I shouldn't wish to butt in. I have been searching for advice and commentary on the subject of care, elderly, gifting and all. My nan is 100 and talks complete !!!! but assessors believ every word?? She pays for own care but is left with no personal allowance. Mum thinks the £23k savings should be giftable according to general rulings you all allude to. how would this affect the issue of intentional deprivation though?
thanks
steve

It would be better to start your own thread rather than revive an old one. You'd get more replies.

If your Nan is paying for her own care she cannot give away any of her money. What do you mean by "personal allowance"? If she has enough capital to be paying for care, she must have enough to live on.

If your Nan's money dropped below the threshold and she started to have her care paid for, no-one would mind what she did with her money but, if she gave it all away, what would she use for all her day-to-day necessities?

monkeyspanner

na24ex9gift wrote: »

hi and I've never done this but there are protocols and I shouldn't wish to butt in. I have been searching for advice and commentary on the subject of care, elderly, gifting and all. My nan is 100 and talks complete !!!! but assessors believ every word?? She pays for own care but is left with no personal allowance. Mum thinks the £23k savings should be giftable according to general rulings you all allude to. how would this affect the issue of intentional deprivation though?
thanks
steve

If she only has £23000 in savings left the council should be assisting with her care home fees.

Trebor16

As I understand it the issue with deprivation of assets should only arise if money or assets are disposed of after it is clear that a person would need to go into a care or nursing home. If a person is in good health and there is no question of them needing residential accomodation then it is not deprivation of assets.

Otherwise you could have the absurd situation of someone making a gift to a relative and 20 years later they need residential accomodation and the council then try and claim deprivation of assets. Truly an absurdity.

Mojisola

In this case, the Nan is 100 and is already paying for her own care so it would be considered deprivation of assets.

monkeyspanner

Mojisola wrote: »

In this case, the Nan is 100 and is already paying for her own care so it would be considered deprivation of assets.

But DDofA is only relevant if the council are or might be expected to help pay for care home costs. If there is enough income and capital to cover the care home costs then Nan can do what she likes with any spare assets.

Mojisola

monkeyspanner wrote: »

But DDofA is only relevant if the council are or might be expected to help pay for care home costs. If there is enough income and capital to cover the care home costs then Nan can do what she likes with any spare assets.

Nan is going to have to be able to foretell the future and know when she's going to die and much money she will need to pay her fees until then.

As I understand the original post, the thinking is that as the council would start contributing once Nan's money got to £23,000, she could give away up to that amount now and it wouldn't affect the funding.