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Care home fees and wills.

C.C.L.
C.C.L. Posts: 396 Forumite
Part of the Furniture 100 Posts
edited 13 May 2021 at 6:40PM in Deaths, funerals & probate
My husband and I both have ISA's of £70,000 each. If one of us had to go into a care home could they take both ISA's into account to pay for it or just for the one for who has gone into the care home? We don't own any property now. Thanks for any replies.
Edited to add:- We have mirror wills with the money left to each of us and then family.
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Comments

  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 13 May 2021 at 6:43PM
    Only the assets owned by the person needing care are counted.
    AgeUK have a lot of useful information about paying for care if you want to gen up on it.
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    What happened to the property you owned before?
  • elsien
    elsien Posts: 37,549 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The will doesn’t really come into it unless one of you dies while the other is in care and your estate then becomes theirs. 
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • C.C.L.
    C.C.L. Posts: 396 Forumite
    Part of the Furniture 100 Posts
    kuratowski said:
    What happened to the property you owned before?
    We sold it and moved into supported housing.
  • C.C.L.
    C.C.L. Posts: 396 Forumite
    Part of the Furniture 100 Posts
    Thanks for the replies, we thought it was just the money in one name they take into account but weren't sure.
  • maman
    maman Posts: 30,503 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    C.C.L. said:
    kuratowski said:
    What happened to the property you owned before?
    We sold it and moved into supported housing.
    So the £140000 are/include the proceeds of the sale? 🤔
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    C.C.L. said:
    We sold it and moved into supported housing.
    That's good.  It would've been a problem if you gave it away.
  • maman
    maman Posts: 30,503 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    kuratowski said:
    C.C.L. said:
    We sold it and moved into supported housing.
    That's good.  It would've been a problem if you gave it away.
    I was unsure what supported housing meant. Is this social housing with warden/online support or has OP bought into one of those retirement complexes with the funds? 🤔
  • C.C.L.
    C.C.L. Posts: 396 Forumite
    Part of the Furniture 100 Posts
    maman said:
    kuratowski said:
    C.C.L. said:
    We sold it and moved into supported housing.
    That's good.  It would've been a problem if you gave it away.
    I was unsure what supported housing meant. Is this social housing with warden/online support or has OP bought into one of those retirement complexes with the funds? 🤔
    It's social housing with wardens.
  • maman
    maman Posts: 30,503 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    C.C.L. said:
    It's social housing with wardens.
    Thanks for the information. So the £70 000 each in ISAs comes from the proceeds of the property you sold or have you used any of the money (other than on day to day personal expenditure to augment a pension)?  🤔 
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