Apologies if this has been asked elsewhere.
Elderly parents who have substantial savings, are wondering if they should be looking to separate their savings or leave them in joint accounts.
I think they are thinking along the lines of, if one of them needs to go into care at some point, would their whole saving pot be stripped up to the cut off point, whereas if accounts were separate, would just that individual's savings be used?
I didn't know the answer to this.
All thoughts gratefully received.