The views below are submitted by registered users of evertonfc.com and do not necessarily reflect the views of Everton Football Club. View the Blueroom acceptable usage policy.

Avoiding care home costs...
  • OldGoldenVision
    Posts: 20,151
    Theres a few senior members on here - naming on names  ;)


    Its come to me attention that there are companies going round telling elderly folk that they can avoid care home costs by putting there homes on trust for their family. All for a reasonable sized fee.... £1-3k!!!


    Just wondering if anyone has experienced anythin like this? Some tool is tryin to fleece a member of me extended family... 
    X(
  • scottinfrance139347
    Posts: 2,312
    round here they`ll come in kill you and take ur money
  • OldGoldenVision
    Posts: 20,151
    glad I'm note there, wherever there is
  • IhateRS
    Posts: 1,094
    Not sure what the current situation is but there is some truth to it.
    Used to work for the council in a horrible job dealing with direct debits etc for care homes... or another way of  putting it.. debt collecting on old people. If you were the elderly or infirm person in question and you have a house and money they will charge full rate of around 1k a week(month? can't remember now it was just over 10 years ago) out of your finances and then force the sale of the house to keep the payments up.. this continues until... what was then... a 16k limit on your finances at which point it lowers in cost until your skint then they give you 30 quid a week or some miserly sum and pay for your accommodation.
    Its a horrible system but when Social Services are losing 10s of millions a week, they have to fleece who they can. You could  bypass this by 'giving' your home and money to a relative which is what most did.

    That's my knowledge on it anyway.
  • OldGoldenVision
    Posts: 20,151
    There are anti avoidance provisions to stop people deliberately trying to avoid paying. The companies selling these "inheritance protection trusts" use a bit of inheritance tax planning spin - avoid paying inheritance tax. Thing is, most people wont have an estate worth anywhere near the threshold for paying tax, so the line these companies are using to sell their trusts is absolute nonsense.


  • IhateRS
    Posts: 1,094
    Sounds like a scam to me but all you need to know regarding advice on care home payment is right here mate.

    http://www.telegraph.co.uk/finance/personalfinance/7807967/Cut-the-cost-of-nursing-home-care.html
  • OldGoldenVision
    Posts: 20,151
    Aye, its a shoite but being in my line of work I'm the first person people come to when they think someone is or might be being scammed. Too much exposure to the orrible gits that prey off societies fears... 

    Well in this case, a distant family member is lining up for one of these scammers to come n see me missus' aunty. I've told 'em I'll be there and waiting for him. See what he's gotta say image

    Ta IHRS
  • milky71
    Posts: 9,136
    I don't like care homes.

    Bad experience whilst working for one
  • 1ceablue
    Posts: 3,253
    Speak to your own accountant first.
Add a Comment

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Forum

Poll

No poll attached to this discussion.

In this Discussion