Housing benefit for homeowners

PasturesNew

If you actually find out how much care costs ... and deduct from that the bills the person won't be paying on a house, and deduct the maintenance/insurance costs, then deduct the cost of their food and things they need to fix/buy (from kettles, microwaves to replacement furniture/curtains/whatever) then add in the interest to be gained from shoving the money from selling it into a bank, then add in the amount they get from their pension/s.... it sometimes doesn't differ very much at all, leaving the capital intact... unless they live for 20-30 years.

ILW

Just bear in mind that the law regarding trusts, eg blind trusts, pilot trusts, discretionary trusts, etc changes all the time. The authorities are getting better and better at closing the loopholes.

pauletruth

this stinks. my father in law sadly died today he has paid 50k in care fees in the last two years. we are happy that he was well looked after. worrying about your relative and see whats best for them. you said they were living with someone if they are partners then they can't go after the home. however you could have an intrest listed that at the death of your relative it becomes yours. that way you don't own it and can still get hb. but i could be wrong.

John_Stiles

It's not right that a person works hard for decades, then finally reaches a stage where they fully own their own home, and then if they need to go into care they lose it all to pay for it. And it's not right for them to not be able to pass on their assets to anyone they chose.

The system that we currently live under is designed to suck out the wealth from people. The people who rule us and who make the laws are very wealthy and they know how to become wealthy by making use of all kinds of means, legal or otherwise.

It's quite ridiculous that people here defend that system, a system which always takes from people, and which places as many obstacles as possible between the people and anything that they want to achieve.

There's nothing wrong with an old person wanting to keep what they have worked for and to be able to pass it on fully to whoever they want. The royal family do it, MPs do it, and so called "ordinary" people can do it too, and it's so funny to see people here aghast at the thought of someone merely wanting to keep what's theirs and to retain full control over it.

The fact that there is now a trust in place to ensure that that happens probably annoys a lot of people here. But that's not important. What's important is that it is now in place. The person who is going to buy the property is very happy about that and so am I. That's really all that matters.