Residential care fees: who pays us or state/council?

paolodit

Hi Thanks for your posts, there's a lot of research to be done..

am looking over the the related posts, age concern articles, looking at immediate annuities.

A big Thanks

shiredeon

( but I think, for most people, the lengths your father have gone to are a misguided and misplaced overreaction.)

Possibly, personally i thought it was quite a smart move, let's face why not have a better standard of living, there's nothing clever about living off a pension, then dying with an expensive estate. the house was too big for him alone anyway.
Also longevity plays a big part, his father made 97 and his mother died last year at 101.

EdInvestor

My father being fairly smart, has moved, bought the new house in his name alone, placed a considerable sum in my mothers account which is paying for her care, when this is exhausted the state will take over.

Definitely a case for considering an immediate needs annuity to cap the cost.The trrouble with doing it your father's way is that the money will probably run out and your mother will very possibly be forced into a sub-optimal (by your family's standards) home, possibly not having a choice about sharing a room/facilities, and possibly being moved a long way away to suit the council's budget and priorities.

This should not be necessaary at all for people in comfortable circumstances if the arrangements are properly made.

shiredeon

EdInvestor wrote:

Definitely a case for considering an immediate needs annuity to cap the cost.The trrouble with doing it your father's way is that the money will probably run out and your mother will very possibly be forced into a sub-optimal (by your family's standards) home, possibly not having a choice about sharing a room/facilities, and possibly being moved a long way away to suit the council's budget and priorities.

This should not be necessaary at all for people in comfortable circumstances if the arrangements are properly made.

We had already checked with the council that they would honour the commitment, but thanks for the good advice.

EdInvestor

http://www.carestandards.org.uk/

This is another useful site when shopping around for care homes, has extensive info and ratings of homes, plus up to date costs and fees.