cisamcgu
Legendary Member
- Location
- Merseyside-ish
Yes, I have both
Cost for staying in care homes for the elderly.....scary
- Thread starter Dave7
- Start date
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D
Deleted member 26715
Guest
That is a very naive view
Eric Olthwaite
Guest
Fair enough
cisamcgu
Legendary Member
- Location
- Merseyside-ish
Is it not true ?
numbnuts
Legendary Member
- Location
- Gone over the hill and far away
Since my accident I've been dependant on the state that's 32 years, maybe I should have committed suicide to help the economy
mustang1
Guru
- Location
- London, UK
I saw this movie the other day "I care a lot". It's about a solicitor who takes legal guardianship of older people then takes their possessions and nets a whole load of money. While it's not based on a true story, it would not surprise me if such shenanigans go on. A sad state of affairs.
I suspect the cost of the inquests and the cleanup crews could be pretty high - might be better to have a quick heart attack.
D
Deleted member 26715
Guest
Wow that's a big leap
D
Deleted member 26715
Guest
Not in my experience, trying to get Social Services to do anything but suggest the Private Sector
ebikeerwidnes
Guru
- Location
- Z’ha’dum
More than a bit annoying that people can comment that people with no money have just p*****d it up the wall or implied that they spent it all on drugs
Some people work in low paid jobs all their lives - it's been on the news you may have heard something
Some of them work in Care homes
Some people do not have the advantages and/or luck that other people have and never have any money to spare
A lot of these people are critical member of society -
But have no savings and can only ever rent a home as they never have enough for a mortgage.
I have certainly known - and know- people who are scared of having money. I have known people who refuse pay rises and promotions because it would mean they have to pay National Insurance (Yes - I know)
A lot of these people are not all that clever - but some of them are not all that dumb - just scared of the 'complications' of money because they have no experience of it
And a lot of them were not lucky enough to have a job that came with a good pension
So lumping everyone with less than the state's cutoff for savings as druggies and drunkards is rude, insensitive, ill informed and just plain dumb!!
I was lucky that my Dad was brought to in a family that understood money - and I grew up seeing how he dealt with the business and money in general.
The best advise he ever gave me was to get a job with a good pension.
Not everyone is that lucky!!!
Some people work in low paid jobs all their lives - it's been on the news you may have heard something
Some of them work in Care homes
Some people do not have the advantages and/or luck that other people have and never have any money to spare
A lot of these people are critical member of society -
But have no savings and can only ever rent a home as they never have enough for a mortgage.
I have certainly known - and know- people who are scared of having money. I have known people who refuse pay rises and promotions because it would mean they have to pay National Insurance (Yes - I know)
A lot of these people are not all that clever - but some of them are not all that dumb - just scared of the 'complications' of money because they have no experience of it
And a lot of them were not lucky enough to have a job that came with a good pension
So lumping everyone with less than the state's cutoff for savings as druggies and drunkards is rude, insensitive, ill informed and just plain dumb!!
I was lucky that my Dad was brought to in a family that understood money - and I grew up seeing how he dealt with the business and money in general.
The best advise he ever gave me was to get a job with a good pension.
Not everyone is that lucky!!!
My Dad ended up in a care home.
He worked since he was 14 years old, never claimed anything, was a D Day veteran, demobed in 1948 and then got a job on the railways, retiring in 1990. He couldn't claim for anything.
We had to sell his flat to help pay the fees for the home and all his savings went also.
Sometimes I wonder if it is the right thing to do to to be diligent, buy your own place and have savings.
He worked since he was 14 years old, never claimed anything, was a D Day veteran, demobed in 1948 and then got a job on the railways, retiring in 1990. He couldn't claim for anything.
We had to sell his flat to help pay the fees for the home and all his savings went also.
Sometimes I wonder if it is the right thing to do to to be diligent, buy your own place and have savings.
ebikeerwidnes
Guru
- Location
- Z’ha’dum
My Dad was in the RAF during WW2 - injured in 1944 (ground crew - bomb casing dropping - spinal injury blah blah blah)
Got out of hospital years later
could walk with leg irons - for a bit
worked as a Chiropodist for the rest of his life - putting money into a pension scheme for most of that
bought his house - which had to have a waiting room and surgery in it and be in the centre of a town for business and disability purposes
When he was older and (due to hospital failings that we should have taken further) he ended up in a wheelchair after spending several decades fighting against it
and then - totally unrelated - ended up registered blind like his Dad
His assets - including the house and savings and investments from pensions etc - was significant.
But my Mum had dementure by this time
and he was in a wheelchair and pretty much blind
He told me a few years before he died that - in spite of having a lot of 'wealth' - that he had planned this all - but did not expect me to inherit ANYTHING - because between them they would burn through their whole weath in care costs
It was quite painful for him to say
In the event - my Mum died due to a stroke which may have been caused by dementure
and them he died a few months after - possibly due to giving up as he no longer had his wife - and love of his life - to look after
so I inherited enough to ditch the bitch I was living with and - after recovering from a mental breakdown - buy my own house and still be able to build up my own savings before retiring early
I think he would have been/is pleased
but it only worked out because he died when he did
care costs would have eaten up his whole life savings in a year or so otherwise
disabled war pensioner or not
so thanks UK care system - the NHS is amazing - care system - not so much
it worked out for me
because he died early
I'm not sure that was the idea when the NHS was first set up
Got out of hospital years later
could walk with leg irons - for a bit
worked as a Chiropodist for the rest of his life - putting money into a pension scheme for most of that
bought his house - which had to have a waiting room and surgery in it and be in the centre of a town for business and disability purposes
When he was older and (due to hospital failings that we should have taken further) he ended up in a wheelchair after spending several decades fighting against it
and then - totally unrelated - ended up registered blind like his Dad
His assets - including the house and savings and investments from pensions etc - was significant.
But my Mum had dementure by this time
and he was in a wheelchair and pretty much blind
He told me a few years before he died that - in spite of having a lot of 'wealth' - that he had planned this all - but did not expect me to inherit ANYTHING - because between them they would burn through their whole weath in care costs
It was quite painful for him to say
In the event - my Mum died due to a stroke which may have been caused by dementure
and them he died a few months after - possibly due to giving up as he no longer had his wife - and love of his life - to look after
so I inherited enough to ditch the bitch I was living with and - after recovering from a mental breakdown - buy my own house and still be able to build up my own savings before retiring early
I think he would have been/is pleased
but it only worked out because he died when he did
care costs would have eaten up his whole life savings in a year or so otherwise
disabled war pensioner or not
so thanks UK care system - the NHS is amazing - care system - not so much
it worked out for me
because he died early
I'm not sure that was the idea when the NHS was first set up
Beebo
Firm and Fruity
- Location
- Hexleybeef
Of course it was the right thing to do. I presume he wouldn’t have wanted to live a life of unemployment and struggling on benefits whilst raising a family.
The scandal of social care provision is a national disgrace but doesn’t mean everyone should live off the state their whole life just in case.
Well, I get what you’re saying too.....but are you familiar with “deprivation of assets”?
Maybe your kids would be happy with you being in the cheapest Council-funded home, should you become one of the minority who do end up in care. I’m pretty confident ours would want us to be comfortable, using the wealth we earned, rather than just taking a chunk for themselves.
FWIW, we have always tried to help them build their own wealth, helping (in a small way!) fund LISAs, ISAs and pensions as they have got older (& whilst I was still earning): get the power of compounding to work early (& helping educate them financially - something not well taught in schools!).
As I mentioned, easiest and best way to protect some of the house value appears to lie in the simple task of assigning the house as tenants in common versus the more usual joint tenants. Something you can do yourself. A trust is never “a simple thing“: did you write yours?
Deleted User
Guest
- Location
- Wolverhampton
Not yet as at 55 I'm hoping I've a way to go before I need to, fully appreciate your comments and will take on board your advice.
