Care home fees and wills.

C.C.L.

maman said:

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)?  🤔 

No we haven't spent any of it. The only reason we had to sell and move to social housing was because of the type of house we needed for my husband was way out of our price range, and that's without the adaptations that were needed.
We're really only looking to the future, and trying to work out if it would be better if we had carers coming in as opposed to a care home. Fortunately were not at that stage but my husband is quite ill after Sepsis.

Mojisola

C.C.L. said:

We're really only looking to the future, and trying to work out if it would be better if we had carers coming in as opposed to a care home. Fortunately were not at that stage but my husband is quite ill after Sepsis.

That will depend on your husband's needs.  While they can be met with carers coming in, that's usually done.

Residential care is usually only considered when needs go beyond what can be managed at home.

maman

Sorry to hear that CCL, hopefully he'll pick up soon but you're right to think ahead. 

I was asking because there was a thread on here recently where someone planned to sell their home and give away 75% of the proceeds to children. Posters tried really hard to explain that it could be seen as 'deprivation of assets'  to enter a state funded care home when you'd deliberately given assets away to avoid paying.

I have no practical experience of care myself but I'd have thought most people would  gradually need more help over time. So you could start with buying in some care before a care home needed to be considered. 

C.C.L.

maman said:

Sorry to hear that CCL, hopefully he'll pick up soon but you're right to think ahead. 

I was asking because there was a thread on here recently where someone planned to sell their home and give away 75% of the proceeds to children. Posters tried really hard to explain that it could be seen as 'deprivation of assets'  to enter a state funded care home when you'd deliberately given assets away to avoid paying.

I have no practical experience of care myself but I'd have thought most people would  gradually need more help over time. So you could start with buying in some care before a care home needed to be considered. 

Thanks maman, I know about deprivation of assets, but the way we were thinking is that if they take the whole of our money into account, it won't be long before there's nothing left, but if they can only take what is in one persons name,then the other one would have at least their share to live off as it would be needed with only 1 pension coming in.
I never thought we would be contemplating this but we've talked about it and honestly didn't have a clue how it worked and thought it best if we knew what to expect. We have grandchildren happy to help but as they all work it's us looking to the future even though we're ok at the moment. 

Mojisola

C.C.L. said:

the way we were thinking is that if they take the whole of our money into account, it won't be long before there's nothing left, but if they can only take what is in one persons name, then the other one would have at least their share to live off as it would be needed with only 1 pension coming in.

I hope you're reassured now that anybody needing care is treated as an individual and only their income and savings are taken into account if they need care.

C.C.L.

Mojisola said:

C.C.L. said:

the way we were thinking is that if they take the whole of our money into account, it won't be long before there's nothing left, but if they can only take what is in one persons name, then the other one would have at least their share to live off as it would be needed with only 1 pension coming in.

I hope you're reassured now that anybody needing care is treated as an individual and only their income and savings are taken into account if they need care.

Yes we are Mojisola, and thanks to everyone for the help x

xylophone

then the other one would have at least their share to live off as it would be needed with only 1 pension coming in.

See https://www.ageuk.org.uk/globalassets/age-uk/documents/factsheets/fs10_paying_for_permanent_residential_care_fcs.pdf