Hello, My mum is in a wonderful care home but is self funding, I have full LPA for her finances, I am currently renting her bungalow out and hope to defer payment when her capital runs out. My question is, her lump sum, can I in her interests, buy another rental property to rent out ? Would the LA still defer payment on her original bungalow or would they question me buying a rental property & using her lump sum. Any other options I haven't thought about ? Any advice gratefully received.
Advice needed on Local Authority Financial Assessment
- Thread starter MomenttoDream
- Start date
Welcome to Dementia Talking Point @MomenttoDream.
I'm sure others that know more on the topic will be along soon, but I would think that the local authority may well question your use of your mum's lump sum to buy another property and expect it to be used for her care.
Maybe phone the support line and talk to them about it.
www.alzheimers.org.uk
I'm sure others that know more on the topic will be along soon, but I would think that the local authority may well question your use of your mum's lump sum to buy another property and expect it to be used for her care.
Maybe phone the support line and talk to them about it.
Dementia Support Line
If you need dementia support, we’re here for you. Get personalised information, support and advice by calling us on 0333 150 3456.
www.alzheimers.org.uk
They would regard buying the property as deliberate deprivation of capital else everybody would stash their capital in a variety of investments making it unavailable for care fees.
My mum helped us buy a house back in October 2020 so am hoping they don’t see that as a deprivation
If in Oct 2020 there was a reason that she would need care in the near future then when her assets drop to the upper limit the LA could regard it as deprivation.
Somewhat depends on how long before her assets drop to limit and what questions LA ask.
No she definitely didn’t need care back then, it’s literally in the last month although she hasn’t been well since sept 2022
