We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Equity release to pay care home fees
Comments
-
I don’t think you can.Your mother was assessed on her income/assets at the time which was below 23K. Hence the need for the third party.If you reclaim the money, it’s not third-party anymore is it?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.0 -
Did you pay the top up fees assuming you would get an inheritance ?
Presumably it is given as a gift at present as the person in care is not allowed to pay top up fees.
As Attorney you have to act in the best interest of your mum. Is it to her benefit for you to receive part of the money?
0 -
My IFA told me last year that the government were going to cap the 'care' side of the costs at £85K. Living costs of approx £25K per year will still be payable. I think this was supposed to be happening this October, I think I remember seeing somewhere that it has been postponed.£216 saved 24 October 20140
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards