Gifts for grandchildren

Mojisola

Jasonjxb said:

His income is approx £12k per year.  House sale will cover care home fees for 3-4 years

It doesn't sound as if the estate will have to pay inheritance tax so the £3000 a year exception is irrelevant.

If you do give money away on his behalf and he is still living when his capital is reduced to such a level that the council might pay, they will assess him as still having the money that's been given away. 

How will the family continue to fund his care if that happens?

sheramber

To answer your question.

No, you cannot give away the money.

Yes, the money needs to be kept for future care home fees.