Elderly mum with cash/assets? Tough, it's her money not yours!!!

catfish50

trumpton wrote: »

I think the limit is £19k - anymore than that and you have to pay for your own old folks home yourself. Spend it while you have the health to enjoy it. Also, don't buy stuff - buy experiences. Go on holiday, spend it on hobbies, go out with friends. Most families would rather their parents spent and enjoyed their money whilst they are well enough to do so than save it for a rainy day that never comes.

There is no limit. Most elderly people never require residential care. Those who do, will be assessed for contributions according to their income/assets. What they owe in contributions will be deducted from their income/assets until they reach the level where they're eligible for all the costs to be paid by benefits.

FATBALLZ

I agree with this completely. I'd also add that people need to stop making threads about how pensioners are all on the breadline and denying the existence of the vast cash and property assets that generation tends to hold.

catfish50

FATBALLZ wrote: »

I agree with this completely. I'd also add that people need to stop making threads about how pensioners are all on the breadline and denying the existence of the vast cash and property assets that generation tends to hold.

Threads like that would be silly, I agree. Some pensioners are dependent on benefits, some are rich. I guess most are probably somewhere in between the two extremes.

nicolax

keep trying to tell my nan this although she doesnt always listen! particularly when we were helping her get her bathroom redone (changing to a walk in shower so its easier for her) kept telling her to get exactly what she wanted, and not something just cause its cheaper if she can afford it. its ultimately going to help her - think she still worries about money and spending too much though - possibly a generational thing

catfish50

nicolax wrote: »

keep trying to tell my nan this although she doesnt always listen! particularly when we were helping her get her bathroom redone (changing to a walk in shower so its easier for her) kept telling her to get exactly what she wanted, and not something just cause its cheaper if she can afford it. its ultimately going to help her - think she still worries about money and spending too much though - possibly a generational thing

I love those walk in showers. Hoping to get one when I move.

dealer_wins

I tell my mum to eat bread and drink water, , 1 light bulb on only at any 1 time. TV allowed 3 hours a day. Heating only when its minus 3 outside. . Im already !!!!ed that she has the audacity to live to 77. Talk about selfish

nicolax

although keep telling my nan not to spend money on us is hard! anytime i drive her home from my house (10-15min drive, maybe 6miles max) she'll always try n give me a fiver. Always refuse but she wont hear of it! shes even slipped it in my purse or pocket before when ive said no!

catfish50

nicolax wrote: »

although keep telling my nan not to spend money on us is hard! anytime i drive her home from my house (10-15min drive, maybe 6miles max) she'll always try n give me a fiver. Always refuse but she wont hear of it! shes even slipped it in my purse or pocket before when ive said no!

I have the same problem with my children. I like to buy things for them and they don't want to take it. So I spend it on the grandkids instead.

trumpton

I suppose much of this has been fueled by the ridiculous house price inflation that was allowed to run unchecked for so long. Consequently, elderly people in quite modest houses find themselves sitting on an asset worth £250k, whilst their kids and grandkids struggle with huge mortgages on small houses or can't afford to buy at all. In my experience, most elderly people also still have that mentality that it's somehow wrong to spend money on yourself, even when you can afford it.

The upper assets limits for paying for residential care is £23k, not £19k as I said earlier.

kaya

i think you will find despite your judgemental attitude most people are doing nothing more sinister than trying to stop the governbent from stealing the money that their mum has worked so hard for all her life , my nan has very advanced altzheimers, do you think we should give all her money to the government so they can fritter it away on rubbish?