Little Eagret
Registered User
- Messages
- 7
I don't understand your question. The above figures would be your dad's assessed contribution so it would probably be better for your dad to pay the nursing home himself until the assessment comes down to less than the annual costs of nursing care.May I confirm that the family's share then is about 21k pa?
The FD scheme is there to help people who are asset rich in that their home is is worth a lot but have little cash at hand without having to sell up. So for the first three years all your fathers assets are counted to assess what you can afford. After three years his home is excluded from his assets in assessing him. Your father has about 500k in non-home assets so he will be deemed to be able to afford care until such time that amount is diminished. The figures Slim gave above show what he can afford before and after the home asset is taken into account. Does that make sense ?
Are there any experts out there offering a fair deal analysis as a service? It’s incredibly confusing for all.
Does anyone know how it will work now? she has no other assets and no money. I am willing to pay but is there a way of reasonably doing it without the house being affected?
I think you've found one here!Are there any experts out there offering a fair deal analysis as a service? It’s incredibly confusing for all.
I also have question on fair deal - says assessable cash assets include cash transferred to another person within the last 5 years. This may be splitting hairs but does transferred mean the same as gifted. Is there any way around this?I think you've found one here!.....meaning twofor1!
Yes, it amounts to the same thing. Disposal of assets within the past 5 years will be reckoned in the Financial assessment.I also have question on fair deal - says assessable cash assets include cash transferred to another person within the last 5 years. This may be splitting hairs but does transferred mean the same as gifted. Is there any way around this?
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