I was talking to someone today who has a relative who has a mother who is going into a permanent care home. This couple sold up their own house, and have kept the money they had from that, and have lived with the mother in the mother's house for over 20 years. They have been involved in caring for her in the last couple of years.
They believe that because they have been caring for her for 2 years in her home and lived there a long time, they will be able to continue to live in the house and it won't be an asset taken into account of the mother's money. The couple are in their forties.
I don't know if they are correct to think this, wouldn't it remain the mother's asset even if they have been living in it for a long time and cared for her in it (they didn't give up work to care for her)
Anyone got an opinion on it? I don't have any more details I'm afraid.
They believe that because they have been caring for her for 2 years in her home and lived there a long time, they will be able to continue to live in the house and it won't be an asset taken into account of the mother's money. The couple are in their forties.
I don't know if they are correct to think this, wouldn't it remain the mother's asset even if they have been living in it for a long time and cared for her in it (they didn't give up work to care for her)
Anyone got an opinion on it? I don't have any more details I'm afraid.