self-funding for care home

[Parkside]

Info please on how finances are split in the case of an elderly couple. I know the house doesn't have to be sold because the spouse is living there. However what happens to other cash assets over the c�21k threshold. Do they take into account only the assets that are joint and/or in the one that is going into the home. What about assets in the spouses name only. Many thanks.

[Whoever]

The sensible thing to do when somebody is having to move into a Care Home situation is for any jointly held savings to be split up (preferably 50% to each individual unless one party has contributed a far great proportion) so that only the person in care has assets taken into consideration. Obviously all assets which are in the sole name of the person in care are taken into account. Local Authorities have no rights to the assets owned solely by the other spouse remaining in the marital home

[chcdirect]

if you want to know more about funding for care home, you better call Continuing Healthcare Direct's NHS Funding experts on 0844 248 3254. you can check the blog post for more information: http://continuing-healthcare-direct.co.uk/care-home-funding