My mum who suffers from Alzheimer’s has expressed a desire to help me pay towards my daughters private education in terms of a regular payment each month out of earnings. I am an older single dad of one who cares for my mum around 6 hours each day. Both her and my late dad helped towards my brothers two children’s education some years ago and now she wants to do the same for me to avoid my daughter having to attend a very poor local secondary school.She has a reasonable sized savings account that has remained untouched for years and which will in the not too distant future be used to pay for care at home costs as her needs increase.This will have a clear audit trial for many years showing no money has gone elsewhere.
My question:- will a regular payment out of earnings towards my daughters private education be deemed by the council as “deprivation of assets “ when my mums savings account towards care is exhausted in maybe 2 years or so?
To me some deprivation of assets are quite clear like giving the house away or huge lump sums but other areas seem quite grey.
Any advice would be most appreciated.
My question:- will a regular payment out of earnings towards my daughters private education be deemed by the council as “deprivation of assets “ when my mums savings account towards care is exhausted in maybe 2 years or so?
To me some deprivation of assets are quite clear like giving the house away or huge lump sums but other areas seem quite grey.
Any advice would be most appreciated.