Mum going in home
in Over 50s MoneySaving
6 replies 1K views
Mum owns her own house and dads name is not on deeds. Mum is having to go into a nursing home so dad will need full time care as he has slight dementia. If mum is not eligable for continuous care and has to pay for her care, will her house be taken into consideration as an asset or will she have to sell it, as she was hoping to sell the house she has now and buy a larger house for me and my partner to live in along with dad, so he can have the full time care he needs with out having to go into residential care. We are just wondering if this is possible and what the best way round it would be?
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I'd think carefully about whether your Dad moving in with you and your partner is the right move for all of you. Looking after someone with dementia is very hard.
Financially, I think if your Dad is to remain in the house, then your Mum wouldn't be forced to sell it to pay for her care. However a charge might be put on the house, to pay back the money owed for care when it is sold. If the house is being sold anyhow, then your Mum will be expected to use the proceeds to pay for her care, until her capital goes down to about £22,000.
Another one that applies when you have a partner:
Your Mum will need a financial assessment from her local council. They should help explain what will happen in her individual case.
In general, I wouldn't think that your Mum would be able to give you the proceeds from the sale of her house, in order to buy you a bigger house. I would think that this would be seen as deprivation of capital. The circumstances regarding the need to care for your Dad might change this though. You and your Mum need to contact the council to get more details from them
You need to look at Intentional Deprivation of Assets.
A transfer of any part of the value of the house to yourself would be viewed as a deliberate deprivation of assets by the council. You would need to check if this would also be the case if any part of the value were transferred to your dad.
If your dad needed to go into a care home the value of the house would be assessed as part of your mum's assets and could be utilised to pay for care home fees. In addition should you enter into a joint ownership arrangement then this could cause you difficulties if your dad needed this type of care. If you do enter into a joint ownership arrangement you should take legal advice as to the type of legal ownership (joint ownership / tenants in common) you choose as this may affect your rights in the future.
Other options would be to look at entending your parents house so that it was big enough for all the family to live in or choosing a property with separate ownership units. It is likely that any capital freed up as a result of the sale/purchase would be considered as part of your mums capital and would be assessed against care home costs.