Care Home & Welfare Claiming Equity from Elderly Parents

P

Paul Hazell

Registered User
Messages
1
Hello
We would appreciate assistance in relation to parents equity. The situation is as follows:
We purchased a house in 2010 with a view of caring for my elderly parents. We were 'gifted' money towards the purchase of the property from the sale of my parents house. The Welfare dept have obviously picked up on this and want to know how the funds were spent. My parents names are not on the title deeds. The officer seems to think that this money could be classed as equity and then that would make him a 'self funder' for nursing care at approx £600 / week. If this had been more that 7 years ago then they would not be interested. Would anyone know the best approach to this as we have a meeting with the welfare department next week.
Many thanks
Paul
 
Hi Paul,

Welcome to AAM.

I have moved your thread to the Welfare forum as most of the other Fair Deal nursing home threads appear to be based there. A copy will remain in the original spot for a month so this may encourage further replies.

Not sure if this extract will help in any way but the Officer may be approaching the matter from this angle and the paragraph is taken from [broken link removed] document:

25.
Couldn’t I just transfer my income and assets in order to reduce my contribution?

No, the Scheme contains measures to protect against this. Under the legislation, any income or asset which is transferred within 5 years of applying for the Scheme is taken into account in the financial assessment.This does not affect your right to sell assets for full market value. Rather it isintended to prevent people from depriving themselves of assets for thepurposes of the financial assessment.

You may find other info [broken link removed]or here.

P.S. Presuming you meant to use the Euro sign and not Sterling and that you are referring to the Irish Welfare Department.
 
This seems as if you are in the UK and as this is an Irish site the means test for Nursing home care differs.
 
You must log in or register to reply here.
Back
Top