help

soninlaw_2

Hi All. New to this. Have scenario for you. Father in law having to go into home for 24hr care. Has to pay for own care, as has assets greater than 21,000.
Which are, £25,000 in two isa`s. £12,000 in portfolio bond. House to sell approx £130,000. Monthly income from pensions etc £1,200.
The Home fees Are at the moment £390 per week. He`s at fit as a fiddle physically so could go on for years. Whats` your best advice as to maximising his income from the assets

mystic_trev

Srory to hear of your FIL's situation. It is sad that someone who works hard all there lives, has to use up most of their assets paying for a Carehome. Others can sit on there !!!!!! all there life and get full benefits!

You'll probably get a better response posting here.

http://groups.msn.com/freenursingcareinformation/messages.msnw

Edit - As you can see the Forums about Free nursing care, but somebody should be able to steer you in the right direction re your question.

soninlaw_2

Hi mystic-trev . Thanks for the reply. Quite agree with your anger that people who work their !!!!!! off all their life can be left with such a raw deal towards the end. thanks for the web site info will look it up. Cheers Soninlaw

dunstonh

The investment bond (assuming it is a life assurance bond and hes not taking an income from it) is not included in the local authority means test if he had it before knowing care was required.

Quite agree with your anger that people who work their !!!!!! off all their life can be left with such a raw deal towards the end.

With respect, who is going to pay for it then? Should low earner taxpayers pay towards your parent(s) care when the parent has potentially large assets of their own which far exceed that of the taxpayer?

Your FIL has nearly £200k of assets. A lot of taxpayers dont have anything like that so why should they pay for it?

Its an emotive subject and good arguments on both side with no easy answer.