The sad day has come where we’ve realised that FIL’s needs will be better met in a care home.
As a family we’ve settled upon one that we’re all happy with.
As he has over £23,250 in savings he will be self funding.
We’ve estimated that his savings will last approx 1 year and so will need to apply for Local Authority funding once his savings have been used up.
Would it be best to get a financial Assessement done now so that the Local Authority are aware of the level of his savings or do we leave it until his savings drop below the threshold?
As most of his savings are held jointly with his wife (who will still be in the family home) would it be best to put the Local Authority in the picture now so that when the time comes they can see how the money has been split?
We’ll keep careful records but don’t want to cause unnecessary problems when they have to step in to pay.
Thank you!
As a family we’ve settled upon one that we’re all happy with.
As he has over £23,250 in savings he will be self funding.
We’ve estimated that his savings will last approx 1 year and so will need to apply for Local Authority funding once his savings have been used up.
Would it be best to get a financial Assessement done now so that the Local Authority are aware of the level of his savings or do we leave it until his savings drop below the threshold?
As most of his savings are held jointly with his wife (who will still be in the family home) would it be best to put the Local Authority in the picture now so that when the time comes they can see how the money has been split?
We’ll keep careful records but don’t want to cause unnecessary problems when they have to step in to pay.
Thank you!