Would it be possible to find an extended family member or friend who would look after it on a caretaker basis? For example someone who commits to paying all the bills, and carrying out minor repairs in return for rent free occupancy. The housing market is very tight at the moment and you will not struggle to find someone.I should add we don't really have the appetite to rent out the property as the nieces & nephews are scattered about & not willing to take that on
I am a little sympathetic to the point of view above. It depends hugely of course on the value of the house, how close any of you live to the property, and the number of nieces and nephews. There is a threshold at which point it is not worth actively preserving wealth but that is going to depends on the circumstances.rather than have it decline in value as it lies empty and then have a whole bunch of nieces and nephews inherit a relatively small amount of money?
This is no longer the case. Proceeds from the house sale will be assessed in the same way as the house itself - 7.5% for 3 years. See Sue Ellen's post aboveIf they do qualify, if the house is sold, the HSE will assess 7.5% of the cash indefinitely which will whittle down their estate in a few years.
Apologies!This is no longer the case. Proceeds from the house sale will be assessed in the same way as the house itself - 7.5% for 3 years. See Sue Ellen's post above
What happens when that money is used up (bar her work & state pension)?
Do we only then apply for Fair deal? Or am I missing something here.... She is joint owner of the house.
It is my understanding, from previous threads on this topic, that, even though they may receive no assistance at this time, it is a good idea to apply anyway as the 3 year limit on house/proceeds of PPR, would run from the date of application.
It's the assessment of nursing care need that would trigger the 3 years, regardless of the financial assessment.If that is correct, then what is to stop anyone from applying for the scheme three or more years before they need it!
The HSE's page about the 3 year limit suggests (to me, although it's not explicitly stated) that the clock doesn't start running until you're in the scheme.
3-year cap on homes, farms and businesses
Read advice on the Fair Deal 3-year cap and how it applies to farm and business owners applying for nursing home supportwww2.hse.ie
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?