Deprivation of assets?

[5456partner]

Hi, sadly my husband is now in a nursing home as his condition deteriorated so much over the summer I could no longer manage him at home. we are thinking about buying a funeral plan to relieve me of some of the stress, and to be honest the expense ,at a later date when I will find it harder to pay for it. does anyone know if this will be regarded as a deliberate deprivation of assets?

Thanks

[Monkeyfeet1]

Firstly, I’m sorry.

I cannot answer your question but our solicitor yesterday said my investment in the house could be disregarded . I suggest you speak to Sam at the MSA Trust.

[Yanno in reply to Monkeyfeet1]

I agree Sam or Louise at the Trust are the best people to go to for advice.

Take care, Ian

[calebsmum]

My husband is also in a nursing home. I don’t know anything about deprivation of assets. What does it mean please?

[chester2107 in reply to calebsmum]

if you have savings and own your own home , you normally have to pay for the care , if you deliberately spend it , it’s called depredation of assets , you aren’t supposed to do it, mainly because if you have less than 23,000 in saving s the care is paid for so makes it illegal i suppose x

[Paul_and_Sue_Wood]

Hi allWhen someone goes into a care home the care has to be paid for.

That person's assets ( cash and property) are assessed for value and if above a threshold then the cash is expected to be contributed, once that is used up a charge can placed on the property.

If prior to care that cash is deliberately reduced or the property is adjusted through a gift or trust the this is seen as a depravation of assets.

There are many rules regarding this not only for care costs but inheritance tax also.

Sam would probably know more .

Yanno this needs to be a talk at one of the group meets.

Paul

[5456partner]

Thank you all for your replies. Seems we can no longer choose how we spend our money, another big loss!! will be in touch with Sam. Rosie

[calebsmum]

But if the person has complex medical needs such as peg feeding, catheter, device needed for communication, meds given by peg then they may qualify for CHC funding which isn’t means tested

[SingingFan in reply to calebsmum]

But the CHC funding can be withdrawn, which is crazy - my husband had the funding for care at home, but following a review they withdrew it, although he is much worse now.

[MSATKirsten Administrator Staff]

Hello, for anyone who wants to understand more about Deprivation of Assets, Age UK have some very good, understandable information at

ageuk.org.uk/information-ad...

They also have a downloadable factsheet:

ageuk.org.uk/siteassets/doc...

If you have any further questions, get in touch with us at the MSA Trust and we will do our best to help.

[Ruthi15]

Hi I cared for my husband at home as I was lucky we got 10 years after diagnosis I built a wrap around extension on house after looking at moving to an adapted house . It was the hardest thing I have ever done mentally as watching him every day hour by hour slip away from the person I had known . I was angry and feel if I had got him in to a good home maybe I would not have been so angry and would have been more cheerier I did my best but have a lot of regrets I am also from the uk I live in Scotland .

[5456partner in reply to Ruthi15]

Hi Ruthi15, Im so sorry you've had such a hard time. It really is terrible to watch, I feel for you. Please don't beat yourself up about not putting him into a good home, even though my husband is in a really good home it's still not home and isn't easy. I think if we do our best with what we know and are able to do at the time that's all we can do. Take care. Rosie

[Ruthi15 in reply to 5456partner]

I still feel I failed him I just didn’t want to admit I was going to loose him I wasted precious time should have created a lot more fun memories xx