Since my dad has been assessed as self funding for home care I've been told by a couple of people that we should split their joint bank account to make sure that mum's half doesn't get used up as well. All their money is in one joint account because they were trying to simplify their finances.
Is there any benefit to breaking up the account into three, with a joint current account for day to day living plus two equal accounts, one for each of them, and then paying for dad's care from his own account?
Thanks.
Is there any benefit to breaking up the account into three, with a joint current account for day to day living plus two equal accounts, one for each of them, and then paying for dad's care from his own account?
Thanks.