Elderly care help please

cheepskate_2

This is the problem, People leave it too late to trust their house/ money to their children......................Sorry will rephrase that ....Poor/er people do that. People with money already know all the loopholes.

I so disagree with the threshold, Scrimp and save gets you nowhere unless you have sustantial incomes

I am not one for this. but the more you look into our ruling classes and the inequalities between rich and poor the more I realize how we aare all conditioned to fight for the scraps while the rich walk around doing as they please

Indie_Kid

pol-zeath wrote: »

If they are joint savings in both their names I would think the whole amount will be taken into consideration until the £23,500 is reached.

More information here

Ruby_woo

Thank you everyone.

It is very hard to understand the rules and indie kid, I'm sorry but I have looked at the link and still don't get it! Sorry x

Person_one

cheepskate wrote: »

This is the problem, People leave it too late to trust their house/ money to their children......................Sorry will rephrase that ....Poor/er people do that. People with money already know all the loopholes.

I so disagree with the threshold, Scrimp and save gets you nowhere unless you have sustantial incomes

I am not one for this. but the more you look into our ruling classes and the inequalities between rich and poor the more I realize how we aare all conditioned to fight for the scraps while the rich walk around doing as they please

Saving gets you nowhere?

Mr and Mrs Smith will be able to choose themselves who provides their care, if they need to go into nursing homes, they can pick one that suits them.

In the final years of their lives, when they are so vulnerable and so dependent upon the people they've trusted to care for them, this is more valuable to them than any house could ever be to some middle aged son.

mountainofdebt

cheepskate wrote: »

This is the problem, People leave it too late to trust their house/ money to their children......................Sorry will rephrase that ....Poor/er people do that. People with money already know all the loopholes.

I so disagree with the threshold, Scrimp and save gets you nowhere unless you have sustantial incomes

I am not one for this. but the more you look into our ruling classes and the inequalities between rich and poor the more I realize how we aare all conditioned to fight for the scraps while the rich walk around doing as they please

Oh for goodness sake get off that socialist horse.

What everyone needs is good financial planning and you don't need to be stinking rich to get that.

Brighton_belle

Ruby_woo wrote: »

Thank you everyone.

It is very hard to understand the rules and indie kid, I'm sorry but I have looked at the link and still don't get it! Sorry x

It's not you ruby woo, my very recent experience is that it is very confusing and hard to get clear straight answers as there seems to be many variables.


Edited to add - I am clear about Mrs Smiths savings in her name only being untouchable for his care though, and the house not being touched as she still needs to live there.

Brighton_belle

Person_one wrote: »

Saving gets you nowhere?

Mr and Mrs Smith will be able to choose themselves who provides their care, if they need to go into nursing homes, they can pick one that suits them.

In the final years of their lives, when they are so vulnerable and so dependent upon the people they've trusted to care for them, this is more valuable to them than any house could ever be to some middle aged son.

Couldn't agree more Person_one - it is a scary time and being able to have some choices over who and where you are cared for is beyond price.

Ruby_woo

Thanks Brighton belle. So the LA won't come back after monies from the property after mrs smith has died in the future if mr smiths care used up all of mr smiths savings?

Person_one

Ruby_woo wrote: »

Thanks Brighton belle. So the LA won't come back after monies from the property after mrs smith has died in the future if mr smiths care used up all of mr smiths savings?

As long as either Mr or Mrs Smith are using the house as their home, it won't be considered.

If it comes to the stage where neither of them are living in it anymore (but are still alive) it will no longer be their home it will be a financial asset, therefore it will be taken into consideration.

Brighton_belle

Ruby_woo wrote: »

Thanks Brighton belle. So the LA won't come back after monies from the property after mrs smith has died in the future if mr smiths care used up all of mr smiths savings?

It's as Person_one says ruby.
As long as Mrs Smith outlives him and was still able to remain living in the marital home up to the time of his death, than that is correct.