Where to go for Financial advice ?

Discussion in 'ARCHIVE FORUM: Support discussions' started by andrewrobert, Aug 6, 2006.

  1. andrewrobert

    andrewrobert Registered User

    Aug 6, 2006
    1
    Coleshill
    Hi,

    My mom's husband has Alzheimers and he is deteriorating rapidly and will need
    to go into care soon I expect.

    My mom looked after my grandparents on my dad's side (both with Alheimers) and
    they left her a sum of money in their will.
    Subsequently my mom also looked after her mom
    until she recently died, and now her husband has Alzheimers.

    My question is where can she go to get accurate and inbiased financial advice ?

    She has saved money all her life and my worry is that the social services will just
    suck all of this up to pay for her husband's care and after all she has done she will
    be left exhausted and broke which is not fair at all.

    Any help greatly appreciated, links to web sites or phone numbers
    would be great.

    A big hug to everyone that is suffering directly or indirectly from this terrible disease.

    Andy
     
  2. Norman

    Norman Registered User

    Oct 9, 2003
    4,348
    Birmingham Hades
    #2 Norman, Aug 6, 2006
    Last edited: Aug 6, 2006
  3. Rosalind

    Rosalind Registered User

    Jul 2, 2005
    203
    Wiltshire
    My understanding is funding care is based on the patient's assets, and that if there is a marital home in joint names that cannot be sold to pay for care. So you father's own savings and income would be what was taken into account.

    If your mother was left money individually, I think that would be safe.

    You need to ask your parents' social worker or CPN for a financial assessment - can't remember which body does these but think it is the local authority. We had one as my husband, who has vascular dementia, has never been that hot on earning and even worse on saving, so while I have savings these are not taken into account, and I even get the princely sum of £46 a week carers allowance, as I am currently not earning. How they come to this interesting figure is beyond me, particular when compared to the allowance paid to people to foster children.
     

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