Here we've listed some of the ways to do this. Remember, every situation is different and there will be products out there more suitable to some than others. It's a good idea to take independent financial advice when making such decisions. It’s difficult to comment without more details, but in a case like this the point is not to leave the remaining assets to each other. WHether that comprises cash or property might not actually be relevant. This is when the local authority pays the care home fees that the person owes (as well as the person often contributing from their income) and puts a legal charge on the property until such a time that the property is sold and the debt repaid, including interest and administration fees. The sale of the property could be delayed until your aunt’s death if you wish.

At some point, depending on her needs, your gran may be eligible for an NHS-funded nursing care contribution or be eligible for NHS Continuing Health Care Funding. You can read more about both of these here: https://www.alzheimers.org.uk/get-support/legal-financial/nursing-care-…

Age UK has a factsheet on Paying for a Permanent Care Home placement that you may find useful: https://www.ageuk.org.uk/globalassets/age-cymru/documents/information-g… Defined contribution pensions take contributions from both employer and employee and invest them to provide a pot of money at retirement. Our expert dementia advisers are available seven days a week through the Dementia Connect support line. Our advisers can’t offer you professional legal advice. But they can tell you about organisations that may be able to. The difference is that it is a separate contract between a homeowner and a mortgage lender where the homeowner already has a mortgage contract in place - simply put, a second mortgage on your house.

This Support for divorce intervention is to help support a child who has experienced their parents divorcing. It is intended for children who are struggling… If you have capital between the these two figures there is a partial contribution by the local authority If we bought a smaller house, would it be an option to buy in my brother's name who has poa or best to buy in her name? Is this possible with no mental capacity?Pension freedoms launched in 2015 allow over-55s greater control over their pots, but only apply to people in DC schemes. Hi, My dad has just passed away and was in care for 2.5 years and was part funded- My Mum and Dad jointly owned the house which is now sold and the equity is sitting in their joint account, Mum is now in warden controlled housing. There was no charge on the property for the fees, Does Mum have to pay Dads care fees from his half so she can keep her half of the equity? Most equity release loans now carry a no negative equity guarantee, meaning the borrower will never owe more than the value of their home.

If you don't fancy lending or giving your children money, but still want to help them into their own home, you can always buy the house with them. Recent research from equity release specialist Key revealed that more than three-quarters of parents over the age of 55 are worried about making mistakes when gifting money to children – while two fifths wanted more guidance on the Bank of Mum and Dad. While I can’t give specific advice without knowing the exact details of the situation, there are some general points that I can make. If there was a partner remaining living in the property then a mandatory property disregard would apply and the value of the property wouldn’t be included in the financial assessment. A mandatory disregard would also apply if there was a close relative remaining living in the property who is incapacitated or aged 60+. The relative/partner usually needs to have been living in the property as their main home, prior to the person going into residential care.My grandfather has been told that if he puts the property in his childrens name and he dies within the next 9 yrs and he needs care in this time he would have to pay the care costs and take the house off him any way is this true?? In a warning to those saving for retirement, a cautious investor asks: How could my 'safe' pension fund plummet by 30% - a year before I retire? Please also call our Dementia Connect support line on 0333 150 3456 if you would like further dementia information, advice and support. Our advisers are available seven days a week: https://www.alzheimers.org.uk/dementia-connect-support-line Please call our Dementia Connect support line on 0333 150 3456 if you and your brother would like further dementia information, advice and support. Our advisers are available seven days a week: https://www.alzheimers.org.uk/dementia-connect-support-line It sounds as though your mum was receiving Continuing Health Care (CHC) funding and this has now been removed. You may wish to challenge this if you feel that your mum still has a primary health need. We have information on how to challenge the decision in our When Does the NHS Pay for Care booklet: https://www.alzheimers.org.uk/get-support/publications-and-factsheets/b…