Putting home into family trust to avoid nursing home fees

zygurat789

The OP was talking about nursing homes not care homes.
If she were to go into a nursing home, and from her post this is not imminent, and, in fact, the proportion who do go into a nursing home is fairly small, then she should console herself with the knowledge that it will not cost that much because the average stay is quite short, usually ending in a demise whereupon her children can have what she so wants them to have.

margaretclare

zygurat789 wrote: »

The OP was talking about nursing homes not care homes.
If she were to go into a nursing home, and from her post this is not imminent, and, in fact, the proportion who do go into a nursing home is fairly small, then she should console herself with the knowledge that it will not cost that much because the average stay is quite short, usually ending in a demise whereupon her children can have what she so wants them to have.

Quite often people don't differentiate between what they think of as 'nursing homes' and what are now called 'care homes'.

Having said that, I've noticed that a lot of what used to be labelled 'care homes' on notice-boards outside, are now called simply 'Senior Living'. I am not sure what these offer, I haven't investigated, but I would doubt that much 'nursing' goes on there.

Errata

Most, if not all, residential homes for older people have been dual registered for both nursing and care for some time.

Mojisola

Errata wrote: »

Most, if not all, residential homes for older people have been dual registered for both nursing and care for some time.

That isn't my experience. I've been looking at homes in case MIL's needs increase further and at least half in her area only take people who are reasonably mobile and independent within the home.

Errata

Fair enough, but that doesn't mean that they're not dual registered. Your council will have the information about registration.

Mojisola

Errata wrote: »

Fair enough, but that doesn't mean that they're not dual registered. Your council will have the information about registration.

I checked the registration of them all.

Torry_Quine

zygurat789 wrote: »

The OP was talking about nursing homes not care homes.
If she were to go into a nursing home, and from her post this is not imminent, and, in fact, the proportion who do go into a nursing home is fairly small, then she should console herself with the knowledge that it will not cost that much because the average stay is quite short, usually ending in a demise whereupon her children can have what she so wants them to have.

My great-aunt was in a care home which was for nursing care and was there for eight years and she wasn't the only one there for that length of time either.

Doc_N

Isn't all this somewhat irrelevant?

The thread's entitled 'Putting home into family trust to avoid nursing home fees' but I doubt the OP was trying to distinguish between care homes and nursing homes.

The principle's exactly the same, even if nursing home costs are higher. Is it possible to put a home into a family trust to avoid care/nursing home fees?

Some say you can, but those tend to be the 'advisors' selling expensive but distinctly dodgy schemes, usually involving trusts, aimed at getting the house out of the name of the person likely to be claiming help with the fees from the local authority.

Most charities, such as Age UK, will advise that these schemes rarely work. Once you tell the advisor/accountant/solicitor that you want to set up a trust to avoid care home costs, it will by that very fact fail when challenged by a local authority. Solicitors and accountants may well tell you that - dodgy advisors selling 'schemes' wont.

Beware. :eek:

zygurat789

Doc_N wrote: »

Isn't all this somewhat irrelevant?

The thread's entitled 'Putting home into family trust to avoid nursing home fees' but I doubt the OP was trying to distinguish between care homes and nursing homes.

The principle's exactly the same, even if nursing home costs are higher. Is it possible to put a home into a family trust to avoid care/nursing home fees?

Some say you can, but those tend to be the 'advisors' selling expensive but distinctly dodgy schemes, usually involving trusts, aimed at getting the house out of the name of the person likely to be claiming help with the fees from the local authority.

Most charities, such as Age UK, will advise that these schemes rarely work. Once you tell the advisor/accountant/solicitor that you want to set up a trust to avoid care home costs, it will by that very fact fail when challenged by a local authority. Solicitors and accountants may well tell you that - dodgy advisors selling 'schemes' wont.

Beware. :eek:

Most relevant. The OP is trying to preserve her home to give to her children at the expense of the state, or to put it the other way she doesn't see why she should pay when someone who has, in her opinion, frivolously spent all his or her money, gets it all for free.
The relevant bit is nursing home because this, if required, is unavoidable but probably won't last long whereas the care home is frequently elective and could be replaced by family care. Either way the family get the house after the demise of the OP.
Hence the trust and all other devices become irrelevant.

Savvy_Sue

margaretclare wrote: »

Having said that, I've noticed that a lot of what used to be labelled 'care homes' on notice-boards outside, are now called simply 'Senior Living'. I am not sure what these offer, I haven't investigated, but I would doubt that much 'nursing' goes on there.

They might be set up to allow a progression - may only apply to the larger settings but we have one near us where they have provision for sheltered and very sheltered accommodation, alongside residential care. So the theory is you might move into sheltered accommodation, and as your needs increase move 'up the scale' as it were.