Hi
I'm just trying to understand how this all works, as yet dad isn't in need of this ..but.. It may come some day.
Parents own the family home, been there 50yrs, dad has work pension coming in and his state, some isa that I know of, money kept aside for his care now. They would be self funding, would mum need to sell the house to pay for his ongoing care or is there any help towards it after a certain point/amount etc.
My gran went into care but had nothing , so mum and sister had to fund it, I'm new to all this so just some simple understanding of what ifs I'm trying to figure out.
Thanks for any advice.
I'm just trying to understand how this all works, as yet dad isn't in need of this ..but.. It may come some day.
Parents own the family home, been there 50yrs, dad has work pension coming in and his state, some isa that I know of, money kept aside for his care now. They would be self funding, would mum need to sell the house to pay for his ongoing care or is there any help towards it after a certain point/amount etc.
My gran went into care but had nothing , so mum and sister had to fund it, I'm new to all this so just some simple understanding of what ifs I'm trying to figure out.
Thanks for any advice.