ChatterBank2 mins ago
Nursing Home fees
9 Answers
My step-father has savings of approx �300K of that almost �200K is in a joint account with my mother. If he needs to go into a nursing home paying his own fees will my mother be able to transfer the �200k into her name leaving only the �100K in shares that can be used to supplement his pension contributions to the nursing home
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She can certainly transfer the money to that effect. She's not liable for the debts of her husband.But if you are thinking that the state or NHS will pay anything you should, unfortunately, forget it, unless he has very little money in capital (from memory, when my mother went into one the figure was no more than �25K.It may be less.).That's not the case here. What's more, methinks it unlikely that your mother will refuse to pay if the �100,000 is running out.
Why should the state / us taxpayers pay for your father to live in a nursing home when he has a small fortune (to most of us ordinary people) stashed away?!
I know that nursing homes are very expensive but if someone has the means to pay for their time in one, then they should. Even if it means eating into 'your' inheritance.
Don't get me wrong, at the moment I have both parents still alive, one who has Parkinsons disease and is less able to function as each day goes by and one who at the moment has full control of all faculties. If my dad ever needed to go into a home (which I fully expect he will at some point) then I wouldn't expect the state to fund this when they own a house between them that is worth over �200K !
Unfortunately this may mean that my mum would have to live with either myself or my brother and that the house we regard as our nest egg would have to be sold - but if that happens then so be it.
My parents have no savings like you speak of and yet you want to try and keep those funds from financing future care for your parents! You don't even mention any property that they own which may amount to many hundreds of thousands more!
The way I see it, if you don't want to or can't provide 24 hour care for an elderly parent when needed then you shouldn't expect other people to pay for this if the people in question have money stashed away.
I'm seriously not picking on you personally, I just feel strongly that care should be paid for if the person needing that care has the means to pay for it. Why should it be provided for free at the expense of others?
I know that nursing homes are very expensive but if someone has the means to pay for their time in one, then they should. Even if it means eating into 'your' inheritance.
Don't get me wrong, at the moment I have both parents still alive, one who has Parkinsons disease and is less able to function as each day goes by and one who at the moment has full control of all faculties. If my dad ever needed to go into a home (which I fully expect he will at some point) then I wouldn't expect the state to fund this when they own a house between them that is worth over �200K !
Unfortunately this may mean that my mum would have to live with either myself or my brother and that the house we regard as our nest egg would have to be sold - but if that happens then so be it.
My parents have no savings like you speak of and yet you want to try and keep those funds from financing future care for your parents! You don't even mention any property that they own which may amount to many hundreds of thousands more!
The way I see it, if you don't want to or can't provide 24 hour care for an elderly parent when needed then you shouldn't expect other people to pay for this if the people in question have money stashed away.
I'm seriously not picking on you personally, I just feel strongly that care should be paid for if the person needing that care has the means to pay for it. Why should it be provided for free at the expense of others?
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