And of course that wouldn’t be fair!I suppose to make it fair you would have to insist people took Care Homes within the council area they lived.
And of course that wouldn’t be fair!I suppose to make it fair you would have to insist people took Care Homes within the council area they lived.
Obviously. But at the moment people with high value assets are able to move into an area with lower property prices and displace local people from accessing a less expensive home.And of course that wouldn’t be fair!
But if you are looking at the care home scenario then my mum for example lived in an affluent area near London but I live 300 miles away. If I sold her home and left her in a care home in the area she was in the she would have no family or visitor and I wouldn’t be able to be as involved as I am in her care. Yes the care homes are cheaper where I live and so yes the sale of her property means she had enough income to pay for care and still leave some estate behind but she is near to me now and that’s what is important here.Obviously. But at the moment people with high value assets are able to move into an area with lower property prices and displace local people from accessing a less expensive home.
I very much doubt anyone moves from a high value area to a low value area just for the sake of reducing care home fees.Obviously. But at the moment people with high value assets are able to move into an area with lower property prices and displace local people from accessing a less expensive home.
I made an assumption from a message I saw on my PWD facebook page...but thinking about it, it was from the son who must have lived locally. his mother had moved from Kent to a north somerset care home.There's a whole raft of things that are unfair about the funding system (which have been discussed on many threads) but I think people moving from one part of the country to another to obtain lower care home fees isn't part of it, and only happens for family reasons.
After my stepdad died twenty years ago and many years before she developed alhzeimers, mu Mum contacted a financial adviser to help with her finances. She's never ever in her life discussed her personal finances with me so I have no idea what she's got or where, so the financial adviser has sorted all this out properly and legally for her.Hello, i have POA for my mum who is nearly 92 and moved to a residential home late last year. I have just sold her home ( which i cant tell her) as i need the money to pay for her care.
I am trying to work out the best way to invest it and was told to takeout some bonds after working out how much money she needs a year. Can i open those in mums name or do i open them in my name? Will she be taxed on any interest she makes? I am trying to make as much money as i can to pay for her care.
Is there a better way to invest her money?
I am conscious as having POA that if i do this wrong i can be liable for any looses.
Any advice would be much appreciated.
Many thnaks
Jo