Does the house count ?

teddysmum

Danday wrote: »

I'm not disputing what you are saying, but it still isn't clear. So what you are saying that despite the home being paid for by my wife out of her capital resources years ago the council would deem that half of it belongs to me? I have a document prepared by her solicitor at the time that actually says that I have no right to the home and that I am a sitting tenant only. Worse case scenario my wife has only to issue me with a section 21 notice ??? and I can be evicted.
This may sound a weird situation but before we married I owned a property outright which I sold many years ago. The proceeds were divided between my three children from my first marriage hence why our current home is my second wife's property which she purchased from the financial settlement she received from her first husband.

Do you know of any further definitive comments on this please as AgeUK are not showing where they get their info from.

I don't have any other reference, but the person giving the advice was one of the regulars who has experience.

teddysmum

lisyloo wrote: »

below £14,250 the Local authority pays
above £23.350 you pay fees
in between there is both LA and private payment

https://www.ageuk.org.uk/information-advice/care/care-homes/paying-for-a-care-home/

I know but didn't want to complicate things; hence the assumption of round figures for the two limits for LA help.

teddysmum

The simple solution for a couple is to have separate savings accounts with a small total current account to accept pensions etc if so wished.(move savings out as the in paid pensions will have an obvious owner). The person staying at home could easily move their pension income and outgoings, to their own account, as they will be paying household bills anyway.

lisyloo

teddysmum wrote: »

The simple solution for a couple is to have separate savings accounts with a small total current account to accept pensions etc if so wished.(move savings out as the in paid pensions will have an obvious owner). The person staying at home could easily move their pension income and outgoings, to their own account, as they will be paying household bills anyway.

Not always that easy.
My MIL is not capable and we need to apply for deputyship.

FIL is in hospital so not easy for him either.

One advantage of joint accounts is that it’s far easier on death.

NeilCr

Danday wrote: »

I'm not disputing what you are saying, but it still isn't clear. So what you are saying that despite the home being paid for by my wife out of her capital resources years ago the council would deem that half of it belongs to me? I have a document prepared by her solicitor at the time that actually says that I have no right to the home and that I am a sitting tenant only. Worse case scenario my wife has only to issue me with a section 21 notice ??? and I can be evicted.
This may sound a weird situation but before we married I owned a property outright which I sold many years ago. The proceeds were divided between my three children from my first marriage hence why our current home is my second wife's property which she purchased from the financial settlement she received from her first husband.

Do you know of any further definitive comments on this please as AgeUK are not showing where they get their info from.

To ensure it stays

bspm1

Evening all

Well I am not going to start another thread to a poster asking them to clarify which statement is true this time. The board would be full of them.

Tommo1980

Wonder what happened to aaronlowe....