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Elderly parents

Help re money - I don't know what's what!

6 replies

ChristmasLightLover · 10/09/2017 12:54

Mum and Dad own 50 / 50 % on their house in North of England. It's been valued at 170. Dad has frontal lobe dementia and is on verge of going into care as my Mum can't cope - she has the carers in and day care for him, but it's not enough.

We are looking to help Mum sell their house and move to us down in East Anglia. The thing is, their house at 170 will be 85 each, and the retirement flat we've found for Mum is 135. It needs a new bathroom and kitchen, so if we can do the work we can do it all for 10K. This leaves moving and solicitors etc at 5K so there's 20K left.

If Dad goes into care whilst we're in the process of selling and buying, will it be deprivation of assets? And if he does go into care, how much of his 85K can my Mum have towards her new and very much smaller home - she's going to a 1 bed retirement flat from their huge 3 bedroom, many reception rooms and two bathroom place - we're in an expensive area, hence the cost.

I can't find this - the amount Mum is allowed to have of Dads share, anywhere!

And I also need to know, how much of Dad's private pensions Mum gets once Dad is in care. I know his state pension goes, but how much of the private goes as well?

Thank you to anyone who can help me with this. Really appreciate it.

OP posts:
superram · 10/09/2017 13:07

They would both have to move then put dad into care home near you, his half can be reclaimed from the sale on your mums death. However, if ss pay the whole amount you will limit the choice of home.

endofthelinefinally · 10/09/2017 13:10

Hi OP.
I replied on your other thread.
Speak to Age UK or look on their website.
You will find all the information you need.

MyBrilliantDisguise · 10/09/2017 13:10

I don't think it works like that if they're married. I thought she would have the right to all of the money from the house.

Any lawyers about?

endofthelinefinally · 10/09/2017 13:12

Definitely move them both near you before putting dad into residential care. Otherwise you won't be able to afford it because you will lose his half of the house.

ChristmasLightLover · 10/09/2017 14:12

Thank you everyone who has replied. Really appreciate it.

Thank you too EndOfTheLine - AgeUK called us back and gave us Elderly People Home ?? to call as apparently they are good with this kind of thing. Will go back to their website and relook.

Please tell me other people find it all confusing?

OP posts:
smu06set · 10/09/2017 14:20

Regarding private pension - it completely depends on the pension scheme. When my grandad retired, he forfeited something like 1/3 of his monthly income to ensure that if he died first my gran would still have a pension. If he hadn't done this when he died my gran would have had no income. That said all schemes have different rules so you'll have to look up the paperwork.

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