Looking for some advice please on Fair Deal Scheme.
Father-in-Law died 2 years ago with no will. Mother-in-law inherited house, farm but has Alzheimer's and will need nursing home care in the near future.
1. There is no Enduring Power of Attorney in place so I believe our options are either seeking
a) Ward of Court
We'd need to go to Circuit Court
b) Care Representative
We'd need to go to Circuit Court
Only allows you sort Nursing Home Loan and charge against assets.
2. Children have own families and income so have no need to have access to MIL's bank accounts, etc. (So option 1b above seems preferable route) But need to ensure MIL has money for day-to-day items.
Can she still collect her pension each week (with assistance to get to/from post office by nursing home staff or family)?
3. Family Farm is leased to cousin. So 3-year cap wouldn't count.
4. For the Finanacial Assessment, do you include both the annual rental income from the farm lease and the value of farm land, or just one? To include both seems like double taxation @ 7.5% each per annum and no cap per 3 above?
Father-in-Law died 2 years ago with no will. Mother-in-law inherited house, farm but has Alzheimer's and will need nursing home care in the near future.
1. There is no Enduring Power of Attorney in place so I believe our options are either seeking
a) Ward of Court
We'd need to go to Circuit Court
b) Care Representative
We'd need to go to Circuit Court
Only allows you sort Nursing Home Loan and charge against assets.
2. Children have own families and income so have no need to have access to MIL's bank accounts, etc. (So option 1b above seems preferable route) But need to ensure MIL has money for day-to-day items.
Can she still collect her pension each week (with assistance to get to/from post office by nursing home staff or family)?
3. Family Farm is leased to cousin. So 3-year cap wouldn't count.
4. For the Finanacial Assessment, do you include both the annual rental income from the farm lease and the value of farm land, or just one? To include both seems like double taxation @ 7.5% each per annum and no cap per 3 above?