Putting home into family trust to avoid nursing home fees

margaretclare

Silverclouds7 wrote: »

I think a lot of younger people like to forget that we oldies never had the good things in life (holidays, new cars, latest technology etc.) Most of our money went on the mortgage, food and heating.
We furnished our homes with second hand stuff. We maybe, only had new clothes once or twice a year. We hardly ever drank (couldn't afford to.)
It was tough, so it hits hard when your home is sold off, to pay for care which you were always led to believe was covered by national insurance.
I do understand how hard it can be for younger people today. Maybe they should try understanding how it was for us too.

The above section which I've bolded really applies to an earlier generation who are mostly no longer with us. It was the state of affairs 'between the wars' and, maybe, up to the end of the 1950s. From then on, for most people, life got a lot better. A lot more consumer goods, household appliances, holidays and even foreign holidays from the late 60s onwards. For those of us who were children in the 1940s i.e. were teenagers in the 50s and young adults in the 60s, we really did have a lot more of the good things of life than did our parents' generation and certainly, than that of our grandparents. When I was a young woman there really were enough jobs to go around. Those of us who bought our own homes have seen a massive rise in their value. I don't know whether this is such a good thing, though, because it does mean that the next generation/s are finding it nearly impossible to become home-owners.

Torry_Quine

margaretclare wrote: »

The above section which I've bolded really applies to an earlier generation who are mostly no longer with us. It was the state of affairs 'between the wars' and, maybe, up to the end of the 1950s. From then on, for most people, life got a lot better. A lot more consumer goods, household appliances, holidays and even foreign holidays from the late 60s onwards. For those of us who were children in the 1940s i.e. were teenagers in the 50s and young adults in the 60s, we really did have a lot more of the good things of life than did our parents' generation and certainly, than that of our grandparents. When I was a young woman there really were enough jobs to go around. Those of us who bought our own homes have seen a massive rise in their value. I don't know whether this is such a good thing, though, because it does mean that the next generation/s are finding it nearly impossible to become home-owners.

I would agree with the comments made by Silverclouds7 though and I'm younger than you.

Clothes were given as birthday gifts, the only holidays were infrequent and staying with relatives in this country, we never had a car and they could never have bought a house and were in council houses.

When I married we furnished with 2nd hand items and I had my first holiday abroad.

I do think that many young people need to stop and think about the difference between want and need.

missbiggles1

Silverclouds7 wrote: »

I think a lot of younger people like to forget that we oldies never had the good things in life (holidays, new cars, latest technology etc.) Most of our money went on the mortgage, food and heating.
We furnished our homes with second hand stuff. We maybe, only had new clothes once or twice a year. We hardly ever drank (couldn't afford to.)
It was tough, so it hits hard when your home is sold off, to pay for care which you were always led to believe was covered by national insurance.
I do understand how hard it can be for younger people today. Maybe they should try understanding how it was for us too.

Good grief - how old are you?

Errata

I think there should be a board titled "All Our Yesterdays"
Gadgets? I had a Trimphone, does that count?

margaretclare

Torry_Quine wrote: »

I would agree with the comments made by Silverclouds7 though and I'm younger than you.

Clothes were given as birthday gifts, the only holidays were infrequent and staying with relatives in this country, we never had a car and they could never have bought a house and were in council houses.

When I married we furnished with 2nd hand items and I had my first holiday abroad.

I do think that many young people need to stop and think about the difference between want and need.

I first went abroad on a school trip in 1953.

We bought a house in 1962 and had a family car from 1963.

Torry_Quine

margaretclare wrote: »

I first went abroad on a school trip in 1953.

We bought a house in 1962 and had a family car from 1963.

Obviously from a much more well-off family than me then.;)

The farthest I got with the school was Edinburgh and 'ordinary' folk didn't have their own home. We walked everywhere even with a wheelchair for a relative as you couldn't even use buses then!

Doc_N

margaretclare wrote: »

Those of us who bought our own homes have seen a massive rise in their value. I don't know whether this is such a good thing, though, because it does mean that the next generation/s are finding it nearly impossible to become home-owners.

It really isn't a good thing, though politicians would have you believe it is because of the feel-good factor.

Actually it's a bad thing for almost everybody apart from investors and those cashing in when they finally sell up for the last time.

There is a simple answer if you can afford it - hand over some cash to your children to help them onto the housing ladder. Don't waste it all on expensive holidays and cruises - think of the good you can do with it for your children and grandchildren. There's a lot more pleasure to be had from that than from a few transitory holidays.

missbiggles1

Torry_Quine wrote: »

Obviously from a much more well-off family than me then.;)

The farthest I got with the school was Edinburgh and 'ordinary' folk didn't have their own home. We walked everywhere even with a wheelchair for a relative as you couldn't even use buses then!

My dad was a postman and we didn't own our own home but I first went abroad on school trips in 1964 and 1966 and my parents started having annual foreign holidays the next year. The early package holidays were very cheap and well within the reach of ordinary working families, just as they can be today.

missbiggles1

Doc_N wrote: »

It really isn't a good thing, though politicians would have you believe it is because of the feel-good factor.

Actually it's a bad thing for almost everybody apart from investors and those cashing in when they finally sell up for the last time.

There is a simple answer if you can afford it - hand over some cash to your children to help them onto the housing ladder. Don't waste it all on expensive holidays and cruises - think of the good you can do with it for your children and grandchildren. There's a lot more pleasure to be had from that than from a few transitory holidays.

It's quite a good thing for elderly people needing to fund their own care home charges - rather than giving it to their children and expecting strangers to keep them in their dotage.

Torry_Quine

missbiggles1 wrote: »

My dad was a postman and we didn't own our own home but I first went abroad on school trips in 1964 and 1966 and my parents started having annual foreign holidays the next year. The early package holidays were very cheap and well within the reach of ordinary working families, just as they can be today.

Not all ordinary working families though, certainly not mine!

missbiggles1 wrote: »

It's quite a good thing for elderly people needing to fund their own care home charges - rather than giving it to their children and expecting strangers to keep them in their dotage.

I agree here.