Trust or will ??

Keep_pedalling

She is a very fortunate woman, who will be able to fund residential care and avoid risking ending up in an over my dead body grove care home. Chances are she will not need care but if she does there will still be plenty left over to give to the charities of her choice.

The important thing now is to sort out a will as a matter of urgency, otherwise she risks nothing going to charity, a large chunk going in IHT and a bigger chunk going to undeserving long lost relatives.

Linton

NottinghamKnight said:

Linton said:

collectors said:

I have a friend that is in her 70s & totally independent with no family at all & worth in the region of £700k. She also has no will. She would like everything she owns to go to animal charities & we keep asking her to at least make a will for now that gives everything to “let's say” the RSPCA, Anything is better than the government getting it. 

Now, a will, will help things, but if she was to fall ill & needed a care home, they would quite likely take & sell the house to pay for this. I know a will would not stop this, but would a trust. I am thinking the trustees could sell the house & give it to the animal charities which i know she would much prefer. Any suggestions?. 

Just to correct a misunderstanding you, and many other people seem to have....

The government would not "take and sell her house" if she needed care.  Firstly the government is not involved, it is all down to the local council.  Secondly the council would not take her house, they would simply say that because of your friend's wealth they, the council, would not be contributing to the costs.  Your friend (or if she is unable to make financial decisions, her PoA or court appointed deputy) would decide how to pay from your friend's own resources.  The council dont care, it's none of their business.

So it is no different to many other "benefits".  If you cant pay for your basic needs, the state will support you.  People who deliberately put themselves in the position of being "benefit cheats" dont get much sympathy from the authorities or come to that, the general public.

That is not correct. My mother went into a private nursing home late last year and passed away in April. The council paid her fees during her time in the home, and subsequently issued an invoice after she died which was paid directly from her account, 

Sorry, I am not sure what you disagree with.  One way or another the costs had to be paid by your mother.  Yes, in some cases the council may be prepared to lend the money with it being repaid from the eventual sale of the house.

NottinghamKnight

Linton said:

NottinghamKnight said:

Linton said:

collectors said:

I have a friend that is in her 70s & totally independent with no family at all & worth in the region of £700k. She also has no will. She would like everything she owns to go to animal charities & we keep asking her to at least make a will for now that gives everything to “let's say” the RSPCA, Anything is better than the government getting it. 

Now, a will, will help things, but if she was to fall ill & needed a care home, they would quite likely take & sell the house to pay for this. I know a will would not stop this, but would a trust. I am thinking the trustees could sell the house & give it to the animal charities which i know she would much prefer. Any suggestions?. 

Just to correct a misunderstanding you, and many other people seem to have....

The government would not "take and sell her house" if she needed care.  Firstly the government is not involved, it is all down to the local council.  Secondly the council would not take her house, they would simply say that because of your friend's wealth they, the council, would not be contributing to the costs.  Your friend (or if she is unable to make financial decisions, her PoA or court appointed deputy) would decide how to pay from your friend's own resources.  The council dont care, it's none of their business.

So it is no different to many other "benefits".  If you cant pay for your basic needs, the state will support you.  People who deliberately put themselves in the position of being "benefit cheats" dont get much sympathy from the authorities or come to that, the general public.

That is not correct. My mother went into a private nursing home late last year and passed away in April. The council paid her fees during her time in the home, and subsequently issued an invoice after she died which was paid directly from her account, 

Sorry, I am not sure what you disagree with.  One way or another the costs had to be paid by your mother.  Yes, in some cases the council may be prepared to lend the money with it being repaid from the eventual sale of the house.

You stated 'the council don't care it's none of their business'. I pointed out that was incorrect, councils do get involved in elderly care and will fund, then look to recover if funds are available.

csgohan4

NottinghamKnight said:

Linton said:

NottinghamKnight said:

Linton said:

collectors said:

I have a friend that is in her 70s & totally independent with no family at all & worth in the region of £700k. She also has no will. She would like everything she owns to go to animal charities & we keep asking her to at least make a will for now that gives everything to “let's say” the RSPCA, Anything is better than the government getting it. 

Now, a will, will help things, but if she was to fall ill & needed a care home, they would quite likely take & sell the house to pay for this. I know a will would not stop this, but would a trust. I am thinking the trustees could sell the house & give it to the animal charities which i know she would much prefer. Any suggestions?. 

Just to correct a misunderstanding you, and many other people seem to have....

The government would not "take and sell her house" if she needed care.  Firstly the government is not involved, it is all down to the local council.  Secondly the council would not take her house, they would simply say that because of your friend's wealth they, the council, would not be contributing to the costs.  Your friend (or if she is unable to make financial decisions, her PoA or court appointed deputy) would decide how to pay from your friend's own resources.  The council dont care, it's none of their business.

So it is no different to many other "benefits".  If you cant pay for your basic needs, the state will support you.  People who deliberately put themselves in the position of being "benefit cheats" dont get much sympathy from the authorities or come to that, the general public.

That is not correct. My mother went into a private nursing home late last year and passed away in April. The council paid her fees during her time in the home, and subsequently issued an invoice after she died which was paid directly from her account, 

Sorry, I am not sure what you disagree with.  One way or another the costs had to be paid by your mother.  Yes, in some cases the council may be prepared to lend the money with it being repaid from the eventual sale of the house.

You stated 'the council don't care it's none of their business'. I pointed out that was incorrect, councils do get involved in elderly care and will fund, then look to recover if funds are available.

Indeed they do get involved, for a cost if you are cash poor. They can and will also place charges on houses as well. 

NottinghamKnight

csgohan4 said:

NottinghamKnight said:

Linton said:

NottinghamKnight said:

Linton said:

collectors said:

I have a friend that is in her 70s & totally independent with no family at all & worth in the region of £700k. She also has no will. She would like everything she owns to go to animal charities & we keep asking her to at least make a will for now that gives everything to “let's say” the RSPCA, Anything is better than the government getting it. 

Now, a will, will help things, but if she was to fall ill & needed a care home, they would quite likely take & sell the house to pay for this. I know a will would not stop this, but would a trust. I am thinking the trustees could sell the house & give it to the animal charities which i know she would much prefer. Any suggestions?. 

Just to correct a misunderstanding you, and many other people seem to have....

The government would not "take and sell her house" if she needed care.  Firstly the government is not involved, it is all down to the local council.  Secondly the council would not take her house, they would simply say that because of your friend's wealth they, the council, would not be contributing to the costs.  Your friend (or if she is unable to make financial decisions, her PoA or court appointed deputy) would decide how to pay from your friend's own resources.  The council dont care, it's none of their business.

So it is no different to many other "benefits".  If you cant pay for your basic needs, the state will support you.  People who deliberately put themselves in the position of being "benefit cheats" dont get much sympathy from the authorities or come to that, the general public.

That is not correct. My mother went into a private nursing home late last year and passed away in April. The council paid her fees during her time in the home, and subsequently issued an invoice after she died which was paid directly from her account, 

Sorry, I am not sure what you disagree with.  One way or another the costs had to be paid by your mother.  Yes, in some cases the council may be prepared to lend the money with it being repaid from the eventual sale of the house.

You stated 'the council don't care it's none of their business'. I pointed out that was incorrect, councils do get involved in elderly care and will fund, then look to recover if funds are available.

Indeed they do get involved, for a cost if you are cash poor. They can and will also place charges on houses as well. 

No cost involved, above the care home fees. Certainly not cash poor either as the fees were immediately paid on receipt of invoice by Nationwide from one of my mother's accounts. They got involved because they were being charged by NHS for the time in hospital so there was a financial incentive for them to do so (which could have itself been avoided by earlier support and intervention but that's a whole other story).