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Nursing Home Fees
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WoodySenior
Posts: 9 Forumite
We are in the situation where Mum and Dad have gone into a Nursing Home and we are in the process of selling their Flat to meet the the cost of their care. After allowances etc. but including their amount that they can retain which is £46,500 there will be about £69,000 to invest with the proceeds of the investments going to the Nursing Home until the County Council has to step in. To avoid tax complications I thought ISA's in their names up to the current limits but where else to put the remaining funds so that a weekly/monthly income is generated. All ideas on this gratefully received.
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I don't know about any of this, sorry, but rather than ignore you, perhaps you would get a better response on this board?
http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=26
Hope someone can help you
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