My mother is coming out of hospital very soon and her care package has gone up considerably. Before it was one carer who came once a day. Now, it is two carers as a pair, coming four times per day. That is 8x the cost.
She has about £45K in the bank. She is going to gift £6K to myself (I have power of attorney), to use up her annual £3K gift allowance for this year and last year.
I understand that to get support for your care bill, you need to have liquid(?) assets below £22K. Is that correct?
The care package bill will be about 4 visits per day x £30 per visit = £120 per day, or £3,600 per month. This will eat into her savings pretty rapidly.
Is it legal for me to take say £15K of her savings and buy a car that has been converted so that we can put a wheelchair in the back, with a ramp? I am thinking that this would reduce her liquid assets closer to the £22K threshold, so that we help preserve some of her estate and get greater funding from the state sooner. She cannot drive but obviously it would be great for her as we cannot get her into a car normally.
Or, do they take a dim view on these kinds of tactics when doing a financial assessment?
Any other tips to get the assets down?
She has about £45K in the bank. She is going to gift £6K to myself (I have power of attorney), to use up her annual £3K gift allowance for this year and last year.
I understand that to get support for your care bill, you need to have liquid(?) assets below £22K. Is that correct?
The care package bill will be about 4 visits per day x £30 per visit = £120 per day, or £3,600 per month. This will eat into her savings pretty rapidly.
Is it legal for me to take say £15K of her savings and buy a car that has been converted so that we can put a wheelchair in the back, with a ramp? I am thinking that this would reduce her liquid assets closer to the £22K threshold, so that we help preserve some of her estate and get greater funding from the state sooner. She cannot drive but obviously it would be great for her as we cannot get her into a car normally.
Or, do they take a dim view on these kinds of tactics when doing a financial assessment?
Any other tips to get the assets down?