Joint Bank Account, can I get any money back?

eskbanker

Sn00py said:
I should have included that I transferred some of my own money into her account' approximately £50k.

What's done is done, but obviously that led to unexpected consequences - when did you make these contributions (and why, if you choose to share that)?

HillStreetBlues

When did the council first do a financial assessment? 

Hoenir

Sn00py said:

Sn00py said:

Hello, In 2011 I had a joint bank account with my aunt. I was responsible for growing the savings account and she/we had around £150,000 in the account but then in 2014 my aunt was diagnosed with dementia. As Power of Attorney I continued to look after the account. In 2019 she had to go into a care home paying around £1,200 a week out of our joint bank account.

Recently a friend told me that 50% of what was in the joint account was legally mine but over the last nearly 5 years the money has gone down to around £15,000. I genuinely thought that because of her diagnosis I could not touch the money. Now social services have stepped in to pay for the care home and they will back date the payment to 1 March this year when we last had around £23,350 in the account. The care home have agreed to refund the extra that was paid, around £11,000; this will take the account over the £23,350 limit but will this mean she has to start contributing to her own care again?

My other question is, was my friend right and would I have been within my rights to take half the money back then, and can I still do this now with what's left?  My second question is, can I claim my half of the money back from social services? Probably not, but this is going to haunt me until I get to the bottom of it. Of course I would never see my aunt go short of anything and if the law states there is nothing I can do, so be it. Please can anyone help shed any light on this please as it is now keeping me awake at night.

Hello, I should have included that I transferred some of my own money into her account' approximately £50k.

You say "her" account, but the account was a joint one. To substantiate anything you'll need to provide a documented audit trail to support your assertions.