Quandry over care/maintenance!
Comments
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You don't give your mother's age but why don't you do the sums and see how many years her savings can pay for at the current rate, bearing in mind you can ask for an assessment once you approach the point when there is £23,250 left?
That might give you a clearer picture of how much money there is to play with.0 -
Wicked_Lady wrote: »You don't give your mother's age but why don't you do the sums and see how many years her savings can pay for at the current rate, bearing in mind you can ask for an assessment once you approach the point when there is £23,250 left?
That might give you a clearer picture of how much money there is to play with.
Mum is 79 and her care home costs are £3850 per month - it'll take until next March before she gets to the £23k limit.....
thanks for all the replies, much appreciated!0 -
That doesn't sound like that long ...Mum is 79 and her care home costs are £3850 per month - it'll take until next March before she gets to the £23k limit.....
I would definitely get some advice from AgeUK or similar, because you need to be very sure what's going to happen when she gets to that limit. Will she be able to stay in her current care home, with a charge being put against her house? Or will there be pressure to move her ...Signature removed for peace of mind0 -
That doesn't sound like that long ...
I would definitely get some advice from AgeUK or similar, because you need to be very sure what's going to happen when she gets to that limit. Will she be able to stay in her current care home, with a charge being put against her house? Or will there be pressure to move her ...
I agree with your comment about obtaining advice, certainly now rather than next March.
I would be asking the Local Authority what their proposed monetary input would be and whether or not they would continue to support the current approx £1000 per week cost or would they be looking to move her to a more "affordable" care home.0 -
Thanks for the advice. When we looked around for care homes locally we didn't come across any that were less than this one so not sure where she could be moved to?0
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I'd have thought they'd be at least some leeway over doing more than the bare minimum by way of repairs, as if the property did need to be sold to pay for longer term care, then you'd get a much better price than one that's on its last legs.
I'd also take into consideration what funds she has v. any maintenance/repair budget.
Spending £1000 to gain £5000 could, depending on circumstances, actually be in their best interest. Surely that's still acting as any prudent person would do?
As her partner still lives in the house it will not need to be sold, so that kind of spending cannot be regarded as in her best interest and is likely to be treated as deliberate deprivation of assets especially with savings that will only last 9 more months.
Does your mother have a will in place and does it give her partner the right to continue to live in it after her death?0 -
Keep_pedalling wrote: »As her partner still lives in the house it will not need to be sold, so that kind of spending cannot be regarded as in her best interest and is likely to be treated as deliberate deprivation of assets especially with savings that will only last 9 more months.
Does your mother have a will in place and does it give her partner the right to continue to live in it after her death?
thanks, no her will is for the house to be divided between us three (children). We are more than happy that he stay in the house though...0 -
thanks, no her will is for the house to be divided between us three (children). We are more than happy that he stay in the house though...
In that case you may wish to consider making a deed of variation to give him a lifetime interest. This will give him added security in that he can’t be made homeless if you or one of your siblings got into financial difficulties or died prematurely.
It would also prevent you becoming an accidental landlord with all that entails, and it would avoid any capital gains liability when the house is eventually sold.0 -
If you are running her affairs with a LPA then you must do so in her best interests. I suspect using money for a new kitchen unless it's absolutely necessary would not be considered as in her best interestsEx forum ambassador
Long term forum member0 -
On the other hand, if you and your siblings are going to inherit this property, might the three of you be able to club together to do some improvements to the property if it really needs it?0
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