Funding Care - Options
Discussion
My dad went in the hospital recently with a hip problem but the doctors have now determined that his dementia is so bad that you most likely needs to go into a home. He is most likely going to be discharged from hospital within the next few days.
Bit confused and stressed so a few questions.
My dad is 83 and 8 years ago he decided to split the deeds of the house between himself myself and my uncle who is 78. So we all own an equal share. The house is worth around 350k.
So now I'm wondering what the options are. Social Services have explained that his share of the house will be used the fund care.
I'm concerned about the quality of care that he would receive from a local authourity care home with the options we will be presented.
Options....
1. Could we sell the property and use his share of the proceeds to fund I care home but we have chosen privately. Is it too late to even consider this and also happens when the money runs out.
2. Could I take out a mortgage on his share of the property and buy him out or is it also too late to consider this.
With either of these options how can the care be funded it in the interim? Can the costs be deferred?
3. If we just go along with social services arrangements for and his share of the property is signed over. If he pops his clogs on day 1, is his share now lost?
Bit confused and stressed so a few questions.
My dad is 83 and 8 years ago he decided to split the deeds of the house between himself myself and my uncle who is 78. So we all own an equal share. The house is worth around 350k.
So now I'm wondering what the options are. Social Services have explained that his share of the house will be used the fund care.
I'm concerned about the quality of care that he would receive from a local authourity care home with the options we will be presented.
Options....
1. Could we sell the property and use his share of the proceeds to fund I care home but we have chosen privately. Is it too late to even consider this and also happens when the money runs out.
2. Could I take out a mortgage on his share of the property and buy him out or is it also too late to consider this.
With either of these options how can the care be funded it in the interim? Can the costs be deferred?
3. If we just go along with social services arrangements for and his share of the property is signed over. If he pops his clogs on day 1, is his share now lost?
I've been reading up about the Deprivation of Assets...
From what I've read on Age UK I don't think I should be concerned. When the house was split 8 years ago my father had no idea that he could potentially end up in a care home. The reason it split was to ensure that I inherited at least 50% of the property.
From AGE UK
"What is deprivation of assets?
Deliberate deprivation of assets is where you have intentionally
decreased your overall assets, in order to reduce the amount you are
charged towards your care and support.
The local authority must show that you knew that you would need care
and support and that you have reduced your assets in order to reduce
the contribution you are asked to make towards the cost.
The statutory guidance also states there may occasionally be other
reasons for disposing of eligible assets. For example, where you pay off
a debt, even if it is not immediately due, this must not be considered as
deprivation.
In this factsheet ‘assets’ refers to either capital or income."
AgeUK link
From what I've read on Age UK I don't think I should be concerned. When the house was split 8 years ago my father had no idea that he could potentially end up in a care home. The reason it split was to ensure that I inherited at least 50% of the property.
From AGE UK
"What is deprivation of assets?
Deliberate deprivation of assets is where you have intentionally
decreased your overall assets, in order to reduce the amount you are
charged towards your care and support.
The local authority must show that you knew that you would need care
and support and that you have reduced your assets in order to reduce
the contribution you are asked to make towards the cost.
The statutory guidance also states there may occasionally be other
reasons for disposing of eligible assets. For example, where you pay off
a debt, even if it is not immediately due, this must not be considered as
deprivation.
In this factsheet ‘assets’ refers to either capital or income."
AgeUK link
Just an update on this..
My dad is still in hospital and has gone down rapidly over the last month... He had Urinary Tract Infection last week which he has just managed to recover from after a week of aggressive antibiotics..
He's now been put on an 'end of life' plan.. Classed as a fast track patient and its now over to social services to find him a nursing home even though NHS are funding it - find that a bit odd.
The 5 homes which he is eligible for are all full obviously.. Surprisingly though most are BUPA, which have good reviews... thought BUPA would be a 'premium' class home. I guess its all about preferred supplier lists etc..
Have been told that if I want to try and find a home myself that the rate is capped to £785 per week.. Went to see a home today, forgot to ask the costs when arranging the appointment... £1500 per week... didn't even seem that special.. large group of oldies watching TV in a room... was the 1st one i've seen so not sure what I was expecting to see though tbh!!
Aside from the finances which is what this was originally about.. This has been really hard to deal with.. being told last week that my dad's blood pressure was very high due to the UTI and being asked whether I would want him resuscitated.. proper stress.. then learninga couple of days later that's a standard question that should have been asked when he was admitted.. wtf..
All I can say is that if you have a loved one who goes in to hospital with early to mid stages of dementia... do your best to get them out asap.. I can't believe how quickly he has gone downhill..
My dad is still in hospital and has gone down rapidly over the last month... He had Urinary Tract Infection last week which he has just managed to recover from after a week of aggressive antibiotics..
He's now been put on an 'end of life' plan.. Classed as a fast track patient and its now over to social services to find him a nursing home even though NHS are funding it - find that a bit odd.
The 5 homes which he is eligible for are all full obviously.. Surprisingly though most are BUPA, which have good reviews... thought BUPA would be a 'premium' class home. I guess its all about preferred supplier lists etc..
Have been told that if I want to try and find a home myself that the rate is capped to £785 per week.. Went to see a home today, forgot to ask the costs when arranging the appointment... £1500 per week... didn't even seem that special.. large group of oldies watching TV in a room... was the 1st one i've seen so not sure what I was expecting to see though tbh!!
Aside from the finances which is what this was originally about.. This has been really hard to deal with.. being told last week that my dad's blood pressure was very high due to the UTI and being asked whether I would want him resuscitated.. proper stress.. then learninga couple of days later that's a standard question that should have been asked when he was admitted.. wtf..
All I can say is that if you have a loved one who goes in to hospital with early to mid stages of dementia... do your best to get them out asap.. I can't believe how quickly he has gone downhill..
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