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With profits investment bonds and LA assessments
brewerdave
Posts: 8,993 Forumite
An elderly relative,late 80s, (still in full possession of her mental faculties,but physically frail) has a number of B/Soc. savings bonds maturing soon.
Her daughter,who has an enduring POA, has been advised that she should consider putting these monies into whole life investment bonds in both their names, in order to protect the monies from the local authority,should her mother need to go into care in the near future.
Is this not likely to be considered as deprivation of assets,particularly because of the short timescales involved??
Her daughter,who has an enduring POA, has been advised that she should consider putting these monies into whole life investment bonds in both their names, in order to protect the monies from the local authority,should her mother need to go into care in the near future.
Is this not likely to be considered as deprivation of assets,particularly because of the short timescales involved??
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