We need lose £10,000 before social services grab it

martinsurrey

tranmere_2112 wrote: »

My mother in-law has savings of between 10,000 and 15,000 pounds ( not sure of the exact amount) that she has saved over the years to leave to her grandchildren.

tranmere_2112 wrote: »

I agree with your point about being able to afford good care if you can afford it....why not.
If she had a 200,000 pound house to sell aswell as her savings, then it would go towards a good care home, however 10.000K will last about a year and then what, into a council run place with no money left to pass on.

so you'd rather stick her in whatever home the council provide and get the £10k rather than use it now to give her as long as possible in the best place for her? (worry about what happens when the money runs out when it runs out, it’ll be no worse than she’s facing under your plan.

This thread isn’t about helping an old lady, it’s about helping an old ladies family get her money rather than use it to help the old lady.

helping her would be getting her the best possible care with her money.

ANGLICANPAT

I can understand 'childrens' feelings on parents self funding when perhaps in their youth they remember their mum and dad scrimping and saving hard ,and the kids being very limited as regards proper holidays,school trips abroad, new clothes,their room redecorated, cinema, fancy days outs, expensive treats etc -because mum said 'they had to save for the future'---whilst their friends down the road who's parents were also working class, all the time they were growing up, got all of those things because their parents 'lived for the moment' bought on tick and all the family had a great entertaining time -never giving a thought to the future.

Now , whose parents get the free care? The responsible parents' kids will lose out again. I can even more clearly see why those parents feel cheated.
Having said that, life aint fair in so many ways, you just have to live with it! Swings and roundabouts .

I dont generally go along with the more you pay the better the care home. There are good and bad across the board
My self funded relly is in one that is 50% council referred people , and its not perfect, but knocks spots off many a private one Ive seen.

atypical

opinions4u wrote: »

I do hope that one day they invent a system that rewards those who are prudent through their lives, rather than "rewarding" those who flush their incomes away.

Great post. The majority of elderly people don't need social care (only 1 in 10 need over £100k of care). Some form of compulsory insurance to share the burden, whilst providing piece of mind, is what's needed.

Labour contemplated a £20k levy on estates after death. The Tories shot it down as a 'death tax'. Instead they're introducing a £75k cap on social care costs funded by a hidden levy in the form of a frozen inheritance tax threshold. They hope private insurers will offer a product from the first £75k of charges - I don't see it.

Social care has always been neglected. If people worried about their care needs as much as their health needs we'd probably be in a much better position now.