Hi, first post on this wounderful forum, I'm looking for some advice concerning a mistaken asset deprecation.
My dad has Alzheimer's and has maintained a car for years but after diagnosis surrendered his license although he kept the car and was driven about as he has mobility problems with a bad knee.
The car failed it's mot earlier this year and we were told it wasn't worth fixing so he bought a new car without any of us realising there was such a thing as deprivation of assets and that this is a nono if you expect to need funding for care in the future.
When talking with my brother we were wondering if we should suggest selling the car and try to recoup as much of the money as possible but then this will effect him getting about so we feel conflicted about what is best thing to do.
We all feel pretty concerned about this even if it was a complete mistake.
I appriciate any guidance given, thank you.
My dad has Alzheimer's and has maintained a car for years but after diagnosis surrendered his license although he kept the car and was driven about as he has mobility problems with a bad knee.
The car failed it's mot earlier this year and we were told it wasn't worth fixing so he bought a new car without any of us realising there was such a thing as deprivation of assets and that this is a nono if you expect to need funding for care in the future.
When talking with my brother we were wondering if we should suggest selling the car and try to recoup as much of the money as possible but then this will effect him getting about so we feel conflicted about what is best thing to do.
We all feel pretty concerned about this even if it was a complete mistake.
I appriciate any guidance given, thank you.