I was talking to someone last night and he was of the view the offspring should be forced to contribute to a parents care fees and said he knew of a case where the son was a millionaire and he was making the LA pay for his parents care.
My view is the son's wealth is nothing to do with the parents care fees and that is the legal situation.
He then said the law should be changed.
If this happened I think people will not bother to get higher earning jobs if they know all their wealth could be taken for their parents care fees.
Also a million pounds is not a lot these days.
Somebody could have a house worth say £300,000. £300,000 in savings and a potential to receive a pension of £25,000 for say 20 years.
It could be argued this person was a millionaire and comfortable but he / she would not be living a champagne type life style.
William
My view is the son's wealth is nothing to do with the parents care fees and that is the legal situation.
He then said the law should be changed.
If this happened I think people will not bother to get higher earning jobs if they know all their wealth could be taken for their parents care fees.
Also a million pounds is not a lot these days.
Somebody could have a house worth say £300,000. £300,000 in savings and a potential to receive a pension of £25,000 for say 20 years.
It could be argued this person was a millionaire and comfortable but he / she would not be living a champagne type life style.
William