savings

[stevewool]

i know 2 people who have gone into homes, there house has to be sold to pay the bills for the home, the kids are able to keep so much of the sale but the rest will be taken to pay the home, so really its best not to have any savings , own home, because those who have never saved, or owned there own home will get the same or more benifits then those who have saved, just my thought , dont mean to offend anyone, also i know or someone who has saved all her life, dont own her own house and is in a home now, but because she has more then the acquired amount, she has to pay for more then those who has not saved, again i dont mean to offend

[joebloggs]

i know 2 people who have gone into homes, there house has to be sold to pay the bills for the home, the kids are able to keep so much of the sale but the rest will be taken to pay the home, so really its best not to have any savings , own home, because those who have never saved, or owned there own home will get the same or more benifits then those who have saved, just my thought , dont mean to offend anyone, also i know or someone who has saved all her life, dont own her own house and is in a home now, but because she has more then the acquired amount, she has to pay for more then those who has not saved, again i dont mean to offend

that's true Steve, but if you have some money you can go in the home of your/families choice, because if you have no money or little savings then your choice of care home might be limited, as your local council will have a maximum weekly fee they will pay, and if the care home charges more than this someone will have to pay the top up fee.

planning can prevent this happening in some cases and also knowing the rules, for example if a dependent child lives there then the property can be excluded from any financial assessment.