Holiday home and care home fees

Rheumatoid

Sorry if this is the wrong forum but it will be an investment so this is the best match I could find

I am looking to buy a holiday home in Spain and wondered what might happen should me or my wife have to go in to care. I appreciate that the other partner would not have to sell our UK home to cover fees if they were still living in it (we are tenants in common for will purposes anyway) but would the holiday home have to be sold so that the able partner and family could no longer enjoy it? If so is there anything I could do to protect it.

Might I add that I do not want to evade care home fees but am just interested in what might happen in these circumstances and want the family to be able to continue to use the place should me or my wife go in to care.

Thanks.

R.

eskbanker

If one of you goes into care and looks to the local authority for funding (is that likely?) then the main residence of the other partner isn't available to that authority but any other assets are.

If your desired end result is for the holiday home to continue to be available to family then you might wish to arrange for them to buy/own it in the first place, but this may still be perceived as deliberate deprivation of assets.

It must be said that it doesn't seem a particularly sensible option to sink significant money into an asset while simultaneously not making adequate financial provision for later life care....

Rheumatoid

Thanks,

There should be enough to cover care without selling the holiday home unless the person in care lives in care for a very long time which is not the norm.

What would the situation be if I purchased it and registered ownership equally or in differing proportions between me, my wife and my 2 children?

My wife and I are in our 50's and in good health so not sure this could be seen as deprivation of assets with hopefully no need for care on the horizon.

merrydance

Rheumatoid wrote: »

Sorry if this is the wrong forum but it will be an investment so this is the best match I could find

I am looking to buy a holiday home in Spain and wondered what might happen should me or my wife have to go in to care. I appreciate that the other partner would not have to sell our UK home to cover fees if they were still living in it (we are tenants in common for will purposes anyway) but would the holiday home have to be sold so that the able partner and family could no longer enjoy it? If so is there anything I could do to protect it.

Might I add that I do not want to evade care home fees but am just interested in what might happen in these circumstances and want the family to be able to continue to use the place should me or my wife go in to care.

Thanks.

R.

Can this still happen when we have left the EU? I would wait a bit if I were you.

Rheumatoid

merrydance wrote: »

Can this still happen when we have left the EU? I would wait a bit if I were you.

Sorry, can what still happen? It will still be possible to buy property as citizens of other 3rd countries do. The only real change, if you are not going for residency, will be limitations on how long you can stay.

R

Mojisola

Rheumatoid wrote: »

I am looking to buy a holiday home in Spain and wondered what might happen should me or my wife have to go in to care.

would the holiday home have to be sold

Rheumatoid wrote: »

There should be enough to cover care without selling the holiday home unless the person in care lives in care for a very long time which is not the norm.

If you have enough capital to be self-funding, the council won't have anything to do with the care home and how you fund it.

You (or your family) will choose your care home and arrange payment of the bills.

Rheumatoid

Mojisola wrote: »

If you have enough capital to be self-funding, the council won't have anything to do with the care home and how you fund it.

You (or your family) will choose your care home and arrange payment of the bills.

No, but its if I run out of funds with long-term care that I am wondering about.

Mojisola

Rheumatoid wrote: »

No, but its if I run out of funds with long-term care that I am wondering about.

No-one will force the sale of any particular property.

You will be assessed as having too much capital for the council to be involved in your case so you will have to work out how to pay the care home bills.

If the only way of doing that is to sell the overseas property, that will be in your hands.

It sounds as if you are looking ahead to some future unlikely event so don't get too hung up on it. Only a very small percentage of us end our days in residential care.

Who knows - in the sunny uplands of post-Brexit Britain maybe all future care home fees will be paid by the taxpayer.

Rheumatoid

Mojisola wrote: »

No-one will force the sale of any particular property.

You will be assessed as having too much capital for the council to be involved in your case so you will have to work out how to pay the care home bills.

If the only way of doing that is to sell the overseas property, that will be in your hands.

It sounds as if you are looking ahead to some future unlikely event so don't get too hung up on it. Only a very small percentage of us end our days in residential care.

Who knows - in the sunny uplands of post-Brexit Britain maybe all future care home fees will be paid by the taxpayer.

:rotfl::rotfl::rotfl:

And Spain will waive the 90/180 day rule - because after all we are British!!

merrydance

Rheumatoid wrote: »

Sorry, can what still happen? It will still be possible to buy property as citizens of other 3rd countries do. The only real change, if you are not going for residency, will be limitations on how long you can stay.

R

It is also important to point out that, if the UK leaves the EU with no agreement, British citizens who are not registered as residents will, like all other third-country nationals, only be allowed to spend 90 days in any one six-month period and that their exit and entry will be controlled at ports and airports to enforce this.

Just being cautious as to how long the OP wishes to stay. 3 months ok, but a full 6 months who knows at the moment.

merrydance

Also

Healthcare

The existing S1 scheme and EHIC card will also stop automatically in the event of a hard Brexit. A new agreement between Spain and the UK will have to be reached which reflects the true costs of the healthcare for the roughly 77,000 British UK pensioners in Spain compared with the mere hundreds of Spanish pensioners in Britain (to maintain access to public health for UK nationals as now).