Hi
First post here, but all looks incredibly friendly and informative.
Really just after some confirmation that my understanding of my parents situation is correct as my mother is worried.
Both my mother and father jointly own their home. It looks increasing likely that my father will shortly be going into care that will be self-funded. My understanding is their house will not be taken into consideration when working out his capital, as my mother will continue to live there?
She has been 'told' that she will have to sell the house to pay for the care once his savings run out and if he dies in care before her? Now I don't believe this is correct. I think if she were to sell the house and move into a smaller property whilst he is still in care then his half would be taken into consideration, also if my mother died whilst he is still in care, then, again this would then be used to consider his capital. But if his savings run out and all the while she is alive and living in their home, then their home cannot be touched or used to pay for his care?
Sorry for the long post, but its a minefield out there and I just want to put her mind at rest.
Thanks
Knockster
First post here, but all looks incredibly friendly and informative.
Really just after some confirmation that my understanding of my parents situation is correct as my mother is worried.
Both my mother and father jointly own their home. It looks increasing likely that my father will shortly be going into care that will be self-funded. My understanding is their house will not be taken into consideration when working out his capital, as my mother will continue to live there?
She has been 'told' that she will have to sell the house to pay for the care once his savings run out and if he dies in care before her? Now I don't believe this is correct. I think if she were to sell the house and move into a smaller property whilst he is still in care then his half would be taken into consideration, also if my mother died whilst he is still in care, then, again this would then be used to consider his capital. But if his savings run out and all the while she is alive and living in their home, then their home cannot be touched or used to pay for his care?
Sorry for the long post, but its a minefield out there and I just want to put her mind at rest.
Thanks
Knockster