Care homes (1 Viewer)

Flying Fokker said:

500K is a lot of money. That is about 10 years worth of care. There’s a fair chance there would be a bob or two left for inheritors without the 500k bottom limit. That’s where the system fails. Many start with far less and there is little to pass on/ the state picks up the tab earlier. The real hope is that all the elderly receive appropriate levels of care…thus overriding the intention of passing money . My MIL has dementia, they’d have loved to leave a nest egg and thinks she will be doing so, but our priority is her care.

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Deleted member 5849 said:

If we want people to have care then we need our wealth syphoned off by local authorities.

Of course the fairer way would be to tax everyone more for it, or bump inheritance tax up, so we all pay for one another.

That seems to be an alien concept nowadays however.

Anyway, just remembered what this thread actually started as, so perhaps it's time I bow out as my advice is becoming more polemic, and less useful as a result

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