Hi Jaded and Faded,It just seems unfair on those in the middle (regarding assets) :
If you have very little money, SS will pay for your care. You may be left with £14,000 you can pass on to your children.
If you have some savings and/or only a small property to sell, ALL that will probably get used up paying for your care costs but you may still be left with £14,000 to pass on.
If you're well-off, you will also have to pay for your care but you should still have money to leave to your children.
Maybe it's my skewed viewpoint but it seems to me that those in the middle do worse under the current rules.
(OK, yes, it definitely is skewed.)
I totally agree the system is very unfair. Its not fair that two people sat next to each other in a dementia care home get the same care; yet one person had to sell their home and use up all their life savings to pay for that care. and the other person rented their home and has everything paid for them by the LA. Its the self funders who pay for the ones who don't have any means to pay (well them and the LA picks up the rest).
Then there are those who did have a house, and approaching later life, in their 70s decided to sell it, and move into a rented house, give a lot of money to their children, travel, spend their winters in Spain. Both enjoying good health, no sign of dementia. They tell me its their money, and they are both well and healthy and can spend their money as they like, they keep a decent amount for their outgoings. They feel should either of them be diagnosed with dementia in the future, then they had no idea about it at the time, and could not have forseen it, after all they dont have a crystal ball to see into the future. and not all old people get dementia.