Hi there,
Finding it hard to see information online about this specific issue.
We are approved for Fair Deal with property as deferred asset. I understand all the ins and outs. I am thinking about my Mum's cash assets depleting, with expenses. ie we pay health insurance, property apartment fee per year, excess in nursing homes etc so the cash will be being used up all the time.
So do we request another assessment in 12 months, is that how it works or are you stuck with paying exactly what was found as 7.5pc on the first application?
Also are the accounts frozen, in terms of she can't gift us the 3k per year (children) etc ?
We will want to buy her stuff like laptop for nursing home etc out of her own money ?
We just want to be clear and not break any rules in how we pay for stuff, but to be financially sensible at the same time. She has all her wits about her.
Thanks for any links/tips
N.
Finding it hard to see information online about this specific issue.
We are approved for Fair Deal with property as deferred asset. I understand all the ins and outs. I am thinking about my Mum's cash assets depleting, with expenses. ie we pay health insurance, property apartment fee per year, excess in nursing homes etc so the cash will be being used up all the time.
So do we request another assessment in 12 months, is that how it works or are you stuck with paying exactly what was found as 7.5pc on the first application?
Also are the accounts frozen, in terms of she can't gift us the 3k per year (children) etc ?
We will want to buy her stuff like laptop for nursing home etc out of her own money ?
We just want to be clear and not break any rules in how we pay for stuff, but to be financially sensible at the same time. She has all her wits about her.
Thanks for any links/tips
N.