Regarding these issues...
Capital Depreciation/Care Costs/Pension Credit
Is this the correct forum, to ask advice, Thanks.
My dad got took into a nursing home three years ago after a fall, head injury, full nursing needs; he is fully funded by the NHS. He is not means tested, and he is not funded by the local authority. In the next few weeks, he will be accessed again, we could lose funding, and we might not. He owns a house outright, worth about 140 thousand pounds, it is sitting empty, and we just pay the bills out of his pension. He gets state pension and pension credit, about 120 quid a week. Until recently my brother lived in the house, but he died recently, and his pension company paid out life insurance to my dad. My dad is confused, he does not know what day of the week it is, brain damage head injury. So my other brother has power of attorney for his affairs, my dad cannot make any decisions, bed bound, incontinent, confused. The life insurance has been paid into my dad’s bank account, 35 thousand pounds, it is in my dads name, he was on the policy to recieve any pay out, its my dads money now. We are worried it might affect his pension credits or if we lose funding, any financial assessment will take the money and his house. The house we cannot do much about, if we lose funding, we lose the house. But my brother is going to take all the money out of my dad’s bank account and gift it to nine of us, kids and grand kids. Just to get rid of it, so the authorities do not get their hands on it if we lose funding. Is this legal, can my brother take 35 thousand pounds out of my dad’s bank account and spilt it nine ways, then give it away to family, he has full power of attorney. Can someone with full power of attorney, take 35 grand out of the persons bank account and do what he wants with it? Thanks
Capital Depreciation/Care Costs/Pension Credit
Is this the correct forum, to ask advice, Thanks.
My dad got took into a nursing home three years ago after a fall, head injury, full nursing needs; he is fully funded by the NHS. He is not means tested, and he is not funded by the local authority. In the next few weeks, he will be accessed again, we could lose funding, and we might not. He owns a house outright, worth about 140 thousand pounds, it is sitting empty, and we just pay the bills out of his pension. He gets state pension and pension credit, about 120 quid a week. Until recently my brother lived in the house, but he died recently, and his pension company paid out life insurance to my dad. My dad is confused, he does not know what day of the week it is, brain damage head injury. So my other brother has power of attorney for his affairs, my dad cannot make any decisions, bed bound, incontinent, confused. The life insurance has been paid into my dad’s bank account, 35 thousand pounds, it is in my dads name, he was on the policy to recieve any pay out, its my dads money now. We are worried it might affect his pension credits or if we lose funding, any financial assessment will take the money and his house. The house we cannot do much about, if we lose funding, we lose the house. But my brother is going to take all the money out of my dad’s bank account and gift it to nine of us, kids and grand kids. Just to get rid of it, so the authorities do not get their hands on it if we lose funding. Is this legal, can my brother take 35 thousand pounds out of my dad’s bank account and spilt it nine ways, then give it away to family, he has full power of attorney. Can someone with full power of attorney, take 35 grand out of the persons bank account and do what he wants with it? Thanks