Re: Struggling in limbo
Posted: Fri Dec 14, 2018 10:42 pm
Hu busybee
Have just gone back through all your posts. One thing missing is whether you have Power of Attorney for Dads financial affairs ? One for heath and welfare would be useful too.
However if they don't already exist I don't think you could get them now he has the Parkinson's dementia diagnosis. and you may have to go the Court of Protection route
A lot of the financial stuff depends on how much savings and capital he has and what the house is worth ( don't say on here)
The only way I can see downsizing to a home for you, releasing capital for care Home fees, working would be if house is worth over £1 million and the property for you would costs about £250,000 That would leave him 750, 000 which would cover about 10 years of £50000 a year rising at (a conservative) 10%. Even at these figures the Council would argue it was deprivation of capital. Of course if the house is worth double that you'd have a stronger argument
or if you can downsize to a £50,000 property
Do ensure you do lots of research, there's pitfalls everywhere.
Have just gone back through all your posts. One thing missing is whether you have Power of Attorney for Dads financial affairs ? One for heath and welfare would be useful too.
However if they don't already exist I don't think you could get them now he has the Parkinson's dementia diagnosis. and you may have to go the Court of Protection route
A lot of the financial stuff depends on how much savings and capital he has and what the house is worth ( don't say on here)
The only way I can see downsizing to a home for you, releasing capital for care Home fees, working would be if house is worth over £1 million and the property for you would costs about £250,000 That would leave him 750, 000 which would cover about 10 years of £50000 a year rising at (a conservative) 10%. Even at these figures the Council would argue it was deprivation of capital. Of course if the house is worth double that you'd have a stronger argument

Do ensure you do lots of research, there's pitfalls everywhere.