Fair Deal and financing works to be done on parent's home?

O

orbsma

New Member
Messages
2
Wondering if anyone has had the experience where a parent living in a nursing home under the "Fair Deal" option, requires works to be done on their home, can this money be spent with the persons permission from their savings if the Fair Deal is based on their assets (savings) not the loan option?
 
I have done it without any problems.Your parents' savings are still theirs.

If your parent is paying from savings rather than getting the loan, those savings must be dropping a lot every year. Make sure to apply for a financial reassessment every year on the new lower savings balance.
 
Thanks for your response. I'll definitely apply for the reassessment.
 
I concur.
I was looking after things for my father in law who was in a nursing home and using Fair Deal including loan.
We needed to have the heating system replaced.
I contacted Naas. They were very helpful as usual and told me to work away and the outlay would be taken into account on next financial assessment.
 
The parent in the nursing home still has full control of their savings and finances and can make financial decisions for themselves as normal.

I think issues can arise if the parent is unable (normally due to dementia) to make those decisions and has lost decision making capacity. Then unless you already have enduring power of attorney in place you cannot spend their money as you see fit. This is probably why you see derelict houses in you neighbourhood as elderly people move to nursing homes and have no capacity to release funds to maintain their home.

In your case your parent is totally on board with the decision and you can progress.
 
You must log in or register to reply here.
Menu
Log in
Register