Selling home to pay care home fees?

PasturesNew

chesky wrote: »

What happens if the house sells, you pay for your fees and you live so long, your money runs out anyway? Do you get shunted out?

In some you do, in some you don't. This is a question to ask each home when you go and view them.

Some won't/can't take Council money, even if it's topped up. Some will keep you there if the relatives top it up. Some will simply accept the reduced Council amount and not ask for a top up.

nikkim1990

Thanks for your replies. In the home there is also residents whose care is being funded by the local authority so the difference on standard of care isn't relevant in this case. Your replies have helped to clarify some queries we had.
Many thanks

morganedge

Errata wrote: »

Rent the house out, use the rental money, state pension, attendance allowance and any private pension to tund the care home fees.

Good idea?

nikkim1990

McKneff wrote: »

I got the impression, from your first post that you were actually asking for opinions to be honest.

You have to put up with opinions, whether you like it or not if you post on a public forum.


No one poster is right or wrong, just different.

I respect this is an open public forum and each poster has their own opinion however my original post was asking if there was any way of avoiding selling their property not if people agreed with doing this.

nikkim1990

morganedge wrote: »

Good idea?

This has been discussed however we were unsure how many adaptions would have to be made to meet legislation for things such as electrics etc.

Mrs_Boo_Boo

Has the person been assessed for Continuing Healthcare paid for by the NHS? If not and your relative is deemed appropriate (mind you they have to pretty bad) they may get the fees fully funded. They may get funded nursing care,if there is a nursing element.
My mother-in-law has been in a home for 4 years now and we had to pay the fees originally. We entered in the scheme where the council paid some of her fees and put a charge on the property. Have since paid it off because she was awarded Continuing Healthcare and she had to move from a residential to a nursing home. Poor lady has deteriorated. We now rent her house out,but never could have to cover her care home fees originally. She only has a modest 2 bed house which is £550 a month whereas her fees are that a week!
Looks like you need to look at the figures and see if renting it out is viable alongside any income they may receive such as Attendance allowance,pension credit etc.

nikkim1990

Mrs_Boo_Boo wrote: »

Has the person been assessed for Continuing Healthcare paid for by the NHS? If not and your relative is deemed appropriate (mind you they have to pretty bad) they may get the fees fully funded. They may get funded nursing care,if there is a nursing element.
My mother-in-law has been in a home for 4 years now and we had to pay the fees originally. We entered in the scheme where the council paid some of her fees and put a charge on the property. Have since paid it off because she was awarded Continuing Healthcare and she had to move from a residential to a nursing home. Poor lady has deteriorated. We now rent her house out,but never could have to cover her care home fees originally. She only has a modest 2 bed house which is £550 a month whereas her fees are that a week!
Looks like you need to look at the figures and see if renting it out is viable alongside any income they may receive such as Attendance allowance,pension credit etc.

I don't believe they have been assessed, this is something we really need to sort out thanks.

swingaloo

We looked at renting out dads house but it wasn't a viable option.
The rental income would have been taxable and would only have paid a quarter of the monthly fees anyway.

Lizzie2995

I personally think the whole fairness of elderly and alzheimers care homes need to be overhauled.

I do not think it is fair or right that people who have saved for their old age then have to pay for their own care and also subsidise the care of other residents whose fees are paid by the local council. In any care home today, somebody who is self funding will be typically paying a vastly different amount to somebody paid by the council. In my relatives care home she paid 800.00 per week compared to 360.00 paid by the council. I have been told this is the norm.

Mojisola

nikkim1990 wrote: »

In the home there is also residents whose care is being funded by the local authority so the difference on standard of care isn't relevant in this case.

Is the LA fully funding their care or is someone else paying top-up fees to the home?

Our LA have told me that if Dad's money runs out and no-one can pay the difference between their level of funding and the cost of the home, he will be moved.