Asset protection trusts re care home fees - what do we think?

[Rusty Nails]

If you look again at life expectancies between care home and non-care home, could it be said that putting family member in a care home is, on balance, reducing their life expectancy.

I am not convinced by these statistics given that, and I know it is a generalisation, those who go into care homes have more medical problems and are frailer than those who don't. It is not comparing like with like.

 

[gbb]

If you look again at life expectancies between care home and non-care home, could it be said that putting family member in a care home is, on balance, reducing their life expectancy. And the moral question (since we can't do politics), should the information be made available so the person can make their own judgement about the possible outcomes?

The LA will look at the possibility of deprivation of capital before agreeing to pay.

https://www.ageuk.org.uk/informatio...paying-for-a-care-home/deprivation-of-assets/

I do wonder if you talked to a representative section of infirm people needing full time care.... If they actually minded dying.

Sounds terrible but I remember mum talking about a 90 odd year old woman in the complex she lived in...she told mum in a conversation...i just want to go.

In her final months, even my mum said I'd sooner be dead than live like this...and that was before she ended up in LA care.

It's a sobering thought.

 

[Dave7]

My experience x 3 (for what it's worth).
1. Both me and my wife loved her mum. Mum had zero money. We took her in and looked after her till she died.
2. My wife's aunty DID have £100K in the bank and left most of it to us. She has been in a care home for 18 months and now has zero money so the care home want to move her into LA care.
3. I am 78. My wife of 55 years has died and most nights I go to bed thinking it would be good to just die. I have money in the bankk plus a moderate house and want to leave it to my family.

I am with @Kingfisher101 and dont agree that the LA should take my money while others that have never worked get everything for free.

 

[Emanresu]

I do wonder if you talked to a representative section of infirm people needing full time care.... If they actually minded dying.

Sounds terrible but I remember mum talking about a 90 odd year old woman in the complex she lived in...she told mum in a conversation...i just want to go.

In her final months, even my mum said I'd sooner be dead than live like this...and that was before she ended up in LA care.

It's a sobering thought.

I have this article bookmarked. It's someone who talks about dealing with the extended life of her mother and some of the issues the advances in medical science brings.

https://www.bmj.com/content/376/bmj.o393

Back on subject, Protective Trusts do work but they might not survive the reality of life. AFAIK they can be cancelled but then leads to issues of the benefactor (a parent) having to deny a promise to a beneficiary (a child) in order to live the remainder of their life with dignity. Difficult.

 

[fossyant]

It never crossed our minds, or indeed with my parents to 'avoid' care fees with a Trust. Would you be happy that your parent is going into a lower quality care home - some are pretty shocking. We went round a number. None are perfect, but the one we got MIL into was more akin to a hotel, but, you still faced staff shortages. She had her own lovely room, garden view and private walk in shower/bathroom.

 

[TheDoctor]

Getting political, comments on moderation etc...
Locked pending a possible cleanup.

 

[SpokeyDokey]

Mod note:

Thread has now been cleaned up and reopened.

Please keep subsequent comments free of politics and backseat moderation.

Many thanks in advance.

 

[Dave7]

It never crossed our minds, or indeed with my parents to 'avoid' care fees with a Trust. Would you be happy that your parent is going into a lower quality care home - some are pretty shocking. We went round a number. None are perfect, but the one we got MIL into was more akin to a hotel, but, you still faced staff shortages. She had her own lovely room, garden view and private walk in shower/bathroom.

And (in my experience) her money would not have lasted long. As I mentioned re my wife's aunty, her 100K soon disappeared and now they want to ship her out into LA home.

 

[Kingfisher101]

And (in my experience) her money would not have lasted long. As I mentioned re my wife's aunty, her 100K soon disappeared and now they want to ship her out into LA home.

They will do, they are a business at the end of the day. What's really bad as well is that staff are expected to clean up all sorts of bodily fluids and change incontinence pads etc and do 12 hours shifts with half an hour break for NMW. I think its disgraceful and that the Government needs to step in and set the wages higher for these staff. Even for 50K I could not do what these workers do.
I feel sorry for anyone who has to deal with all this if they have a family member needing care. 2 different people were almost crying on me about this over the last week. One lady has her Mum in a home and it costs 4.5K per week because she needs a 1-1 all the time. Another lad was telling me his Mum has dementia and has had a bad stroke. The care home want her moved into a nursing home and have cut the staff. She is stuck in soiled incontinence pads for ages and the whole thing is really causing the family distress.
I think care homes need to be brought under state control.

 

[teeonethousand]

I have some experience of this recently with FIL and some time ago with my Father. Some people assume LA pays for a place in a home...they don't...they pay for the minimum they can and try to find you one that will take a person for that fee. If you want better the family have to top up and that includes larger room/en suite etc.

It's not necessarily a great solution and can be heartbreaking.