IHT Query


T

Trevor

My wifes parents own a house worth (say) 100K and assest of (say) 30K.

Are they able to set up a discretionary will trust with the sole aim of
preventing the local authority forcing them to sell their home should they
need to go into care?
 
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J

john boyle

Trevor said:
My wifes parents own a house worth (say) 100K and assest of (say) 30K.

Are they able to set up a discretionary will trust with the sole aim of
preventing the local authority forcing them to sell their home should they
need to go into care?
No.

A 'Will Trust' is created on death. They wont need any care then.
 
J

john boyle

Trevor said:
So is there another 'way'.
Im not sure what you mean/ Do you mean 'Is there a way of sending my
parents to a crap council home instead of them befitting from the asset
they have in their house so that they can pay to go into a decent
place?'?
 
E

Eric Jones

john boyle said:
Im not sure what you mean/ Do you mean 'Is there a way of sending my
parents to a crap council home instead of them befitting from the asset
they have in their house so that they can pay to go into a decent place?'?
John not all council homes are crap - far from it they have the resources ie
our council taxes to get up the Government standards that many private homes
cannot possible attain.
Where I live if I had a choice for my parents a council run one would come
first every time.
 
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T

tim \(moved to sweden\)

john boyle said:
Im not sure what you mean/ Do you mean 'Is there a way of sending my
parents to a crap council home instead of them befitting from the asset
they have in their house so that they can pay to go into a decent place?'?
If that were the choices on it offer it might be an OK thing to do.

But I'll think you'll find that the pay for yourself place is no
better than the one the LA pay for

tim
 
G

GSV Three Minds in a Can

from the wonderful person said:
If that were the choices on it offer it might be an OK thing to do.

But I'll think you'll find that the pay for yourself place is no
better than the one the LA pay for
Many times it turns out to be the =same place=, with some people paying
and some being paid for. The choice comes in that, armed with your own
money, you =could= go off and die in the sun somewhere, or even flee to
a country with better provision for the elderly, or where hiring help is
easier .. not an option if government funded.
 
J

john boyle

Eric said:
John not all council homes are crap - far from it they have the resources ie
our council taxes to get up the Government standards that many private homes
cannot possible attain.
Where I live if I had a choice for my parents a council run one would come
first every time.
Fair enough. Sadly, that does not apply where I live or where my father
lived.

In fact, I know of no 'Council' run homes, and I am surprised that your
local council does so. IME local councils dont 'run' on a free of charge
basis any 'care' or 'rest' homes.

By ''council home' I meant one where the council would pay all the fees
so in fact everybody ends up in a private home but the fees are paid for
in part by the council. There is a huge variance in quality between
those whose fees are covered by council payments and those that are not.

Sadly, price inflation for care/rest homes is high and I still stand by
my theory that for a decent home extra cash needs to be provided. The
domestic house is the only major asset for many people, especially the
elderly, and that asset has been waiting for use for a rainy day.

The entry to a home is that rainy day.

Trying to preserve that asset merely for the sole benefit of the heirs
to the estate, at the expense of their parents comfort and well-being,
is repulsive to my mind.
 
J

john boyle

"tim (moved to sweden)" said:
If that were the choices on it offer it might be an OK thing to do.

But I'll think you'll find that the pay for yourself place is no
better than the one the LA pay for
On behalf of somebody else I am currently searching the market for such
a place at this very moment and I disagree with you completely. A home
that would be suitable for any acquaintance or relative of mine is just
not available at the rates that the local authority will pay.

Sadly, this is the third time I have had to conduct this exercise for
parent/relative/close friends in three different locations and my view
subsists for each incidence. Very sad.
 
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R

Robert

My experience of this (for my fatehr) was that there was a huge
variation of care standards in these places even among establishments
run by the same umbrella organisation with identical fees. The
ability to chop and change at will was crucial in my case. However,
the fees are huge though (up to £100/day in some places) .

Robert
 
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M

Matt Robertson

Trevor said:
So is there another 'way'.
Mortgage the property and put the proceeds into a life company bond - life
assurance contracts are not taken into account when assessing care home
eligibility.
 

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