Coronavirus

[Solid Air]

I think you are confusing care homes and nursing homes. My mum, who has dementia, lives in a care home. Believe me the staff in there are typically minimum wage

even care homes have to have nursing staff on site .

 

[pieguts]

I think the whole thing is wrong.

Also what happens if someone takes equity release in a property, spends it, then say two years later requires a care home, because surely then that reduces what the government can count as assets.

When my mum had to go into a home, my brother and I looked at a whole raft of options as she is fortunate to have healthy savings and other assets beyond her home. It’s bloody frightening how much power these homes have over someone’s finances, it make the HMRC look almost charitable.

 

[brb]

When my mum had to go into a home, my brother and I looked at a whole raft of options as she is fortunate to have healthy savings and other assets beyond her home. It’s bloody frightening how much power these homes have over someone’s finances, it make the HMRC look almost charitable.

Yeah, if you are going to move assets around, you've got to do it before the event.

 

[pieguts]

even care homes have to have nursing staff on site .

I’m not disputing that, my mum is in a care home. I’m not sure why you think these are well paid jobs in the SE, I can assure you there not. Care home owners might be raking it in, but the staff at the sharp end aren’t.

 

[Solid Air]

I think the whole thing is wrong.

Also what happens if someone takes equity release in a property, spends it, then say two years later requires a care home, because surely then that reduces what the government can count as assets.

the Telegraph and Daily Mail were running regular articles back in the 80's advising their elder readers to put their properties in trust in their childrens name with a clause stating they could live their rent free as long as they wanted / could which was purely to stop them having to pay much towards care / nursing home fees as the house wouldn't count as an asset .
plus ca change .

PS my in laws suggested it to me and Mrs Solid and seemed surprised when i told them i was disgusted with their hypocrisy since they regularly moaned about benefit claimants doing a bit on the side while they were happy to "game" the system for 10's of thousands .
Strangely they didn't go thru with the plan .

 

[pieguts]

Yeah, if you are going to move assets around, you've got to do it before the event.

Even that’s not as easy as that. The care home can apply to a court to get access to bank accounts etc. and unlike the HMRC, the 7 year rule doesn’t apply. If they believe you have been deliberately shedding assets to avoid costs they can go after who may have benefited from it.

 

[brb]

the Telegraph and Daily Mail were running regular articles back in the 80's advising their elder readers to put their properties in trust in their childrens name with a clause stating they could live their rent free as long as they wanted / could which was purely to stop them having to pay much towards care / nursing home fees as the house wouldn't count as an asset .
plus ca change .

PS my in laws suggested it to me and Mrs Solid and seemed surprised when i told them i was disgusted with their hypocrisy since they regularly moaned about benefit claimants doing a bit on the side while they were happy to "game" the system for 10's of thousands .
Strangely they didn't go thru with the plan .

Is there anything to stop you doing it though.

 

[Solid Air]

I’m not disputing that, my mum is in a care home. I’m not sure why you think these are well paid jobs in the SE, I can assure you there not. Care home owners might be raking it in, but the staff at the sharp end aren’t.

didn't say they are well paid but surely they are on more than minimum wage though thinking about it you are probably right as the tax credits / housing benefit system is used to make it up to a living wage .

 

[brb]

Even that’s not as easy as that. The care home can apply to a court to get access to bank accounts etc. and unlike the HMRC, the 7 year rule doesn’t apply. If they believe you have been deliberately shedding assets to avoid costs they can go after who may have benefited from it.

Bastards! Going to be proper fooked when we go totally cashless.

 

[pieguts]

Is there anything to stop you doing it though.

It’s bloody expensive to set trust funds up, so unless you have property that’s worth half a million upwards then it’s probably not worth it.

 

[Solid Air]

Even that’s not as easy as that. The care home can apply to a court to get access to bank accounts etc. and unlike the HMRC, the 7 year rule doesn’t apply. If they believe you have been deliberately shedding assets to avoid costs they can go after who may have benefited from it.

that isn't the care home it is the LA / DWP as it is considered deprivation of capital and was in the rules when i was doing Supp Ben back in the 80's .

 

[PINKIE]

Even that’s not as easy as that. The care home can apply to a court to get access to bank accounts etc. and unlike the HMRC, the 7 year rule doesn’t apply. If they believe you have been deliberately shedding assets to avoid costs they can go after who may have benefited from it.

This.

When my Dad went into a care home, we looked at transferring the deeds of their house into mine and my brother's name, but the local council can get access to accounts to see if there has been any wilful disposal of assets. As it turned out, my Dad quite quickly needed to be moved to a nursing home as his health went downhill really quickly, and fortunately the local council picked up the tab for that as he was an end of life case.

 

[brb]

This is a more interesting discussion than the virus. Dodgy bunch of fookers on here.

 

[brb]

I reckon we should be careful I suspect @Solid_Air 2 as being a mole for DWP.

 

[Solid Air]

I reckon we should be careful I suspect @Solid_Air 2 as being a mole for DWP.

i last had any contact with benefit claims in the mid 90's mate








but i still have contacts

 

[PINKIE]

This is a more interesting discussion than the virus. Dodgy bunch of fookers on here.

I just thought it was unfair that my old man, who'd paid his taxes and NI all of his life, worked like a dog doing night shifts to pay for his house, was suddenly looking at having to sell it (or put a charge on it when my old dear goes) to pay for his care home needs.

Obvs the local councils are wise to people passing on assets to their children to avoid the charge though as they have the 7 year rule in place.

 

[Tobes]

the Telegraph and Daily Mail were running regular articles back in the 80's advising their elder readers to put their properties in trust in their childrens name with a clause stating they could live their rent free as long as they wanted / could which was purely to stop them having to pay much towards care / nursing home fees as the house wouldn't count as an asset .
plus ca change .

PS my in laws suggested it to me and Mrs Solid and seemed surprised when i told them i was disgusted with their hypocrisy since they regularly moaned about benefit claimants doing a bit on the side while they were happy to "game" the system for 10's of thousands .
Strangely they didn't go thru with the plan .

Yep, this is a common tax dodge but generally more about inheritance tax avoidance. The house I live in was owned by the same family for 36 years before I bought it, but it has a sale registered as happening around 10 years before I bought it, when the old man died leaving just his Mrs. The trust ‘paid’ around half the market value, plus they transferred all of her equity stake from the large family business into the same trust.

 

[pieguts]

I just thought it was unfair that my old man, who'd paid his taxes and NI all of his life, worked like a dog doing night shifts to pay for his house, was suddenly looking at having to sell it (or put a charge on it when my old dear goes) to pay for his care home needs.

Obvs the local councils are wise to people passing on assets to their children to avoid the charge though as they have the 7 year rule in place.

HMRC have the 7 year rule, councils and care homes don’t have a specific timeframe. They can apply to look back further if they wish.
It was made slightly worse as my mum still owns a company with both my brother and I listed as directors. A long unimportant story but a bloody headache at the time for various reasons.

 

[Peej]

i last had any contact with benefit claims in the mid 90's mate








but i still have contacts

will commenting effect my dole?

 

[Solid Air]

HMRC have the 7 year rule, councils and care homes don’t have a specific timeframe. They can apply to look back further if they wish.
It was made slightly worse as my mum still owns a company with both my brother and I listed as directors. A long unimportant story but a bloody headache at the time for various reasons.

how can care homes have a seven year old look thru someones financial / legal papers ?