Protecting Inheritance from care home ...help me!!!

[lincolnpaul1]

Hi there,
Thanks for reading this first of all....
Summary:
My mother is ill and now in care (home) with Alzheimers. She is self-funding her care home fees but the money owed is being run up on her property (about 14K currently). I have Power of Attorney over her finances and she is not in the position to make any decisions now, so I make all these. She has her house which I am currently selling for her (120K). Some of the proceeds will go to pay off the debt. We will be left with about 100K capital in mum's account. Mum will continue to self fund her care (about 700£ per week) until her saving are down to about 20K. Mum wanted to protect her savings (as much as the 100K) and obviously didn't want it all to go to her care. Does anybody know how I can/what I can do to protect this to ensure it is passed onto family?

Grays
Interested you mention CHC assessment meeting. Who is able to attend these? Is there family representation?

aj

Numerous people involved in the persons care are there, last one I went to there was a district nurse, COPD specialist nurse, hospice nurse, social worker, the person and the person's daughter. That way there's an holistic view of the persons needs

My parents are well off and I'm not. Ill be honest that I'm hoping for an inheritance one day. I do plan on caring for them at home until they are extremely Ill. It seems better for everyone like in the old days. I've worked in care homes and I find them grim tbh. Could you do this op?

I spent 15 years caring for sick elderly relatives, holding down a job and bringing up my DC. I worked part time because caring is really hard work.

Within 3 years of them going into care homes all the potential inheritance was gone on fees.

I didn't want any of them to go into homes, but when people are demented, doubly incontinent and need 24/7 care it is impossible.

It cost a fortune and really, the care is not that good. You still have to visit daily just to keep an eye on things.

I have recently been diagnosed with a life limiting condition. I would rather go to Dignitas than a care home. I only hope I can organise it before I get to the point when I can't manage alone.

Agree with you 3littlefrogs . Truly sorry to read you have life limiting illness ..

Thank you Bassetfeet.

I am starting to think about a living will. I think we should all consider something like this. If I was well, I would like to live to around 80 but have the choice to end my life with dignity before dementia and care homes became a reality.

For me, the prospect of needing care earlier is a real possibility and I know I would rather not reach that point. I dread not being able to make my wishes known in time.

However - I don't want to derail the thread. My situation only has a bearing on inheritance insofar as that fact that poor/mediocre care is horrendously expensive and I would prefer to avoid it.

The best way to avoid a care home is to move into a house/ flat with a downstairs toilet and bed space in your 50s/60s when you are still fit enough to move.

Well - as long as you don't get dementia or some other debilitating illness, that would probably help. It is when you actually need help with basic functions that it all falls apart.

this has some useful ifo

Suggest contacting a few similar help sites

www.howtokeepitinthefamily.co.uk/common-mistakes.aspx

I hold no brief for David Cameron but this is exactly what his famiy has recently been pilloried for doing-giving away assets .Perfectly legal .Though you have to try and live for 7years or your estate will pay tax on it . his case though with forethought so they could not be accused of avoiding paying e.g. care home fees Its what you have to do if you want to secure an inheritance Think well ahead .But giving away your house is not so easy .Especially if you continue to live in it And yes you've left it too late.