Section 117 aftercare: when being sectioned can mean your long term care is paid for
If your relative is sectioned because they have dementia or another mental illness, care they need afterwards may be free.
If someone close to you has ever been sectioned under the Mental Health Act, you’ll know that it – and the circumstances leading up to it can be very distressing. I know because it happened to a relative of mine who had dementia. One thing you might not be aware of is that if the person needs care after they’ve been discharged from being sectioned, they may not have to pay for it. It's called 'Section 117 Aftercare' and many people don't know about it.
Giving away your home to avoid care fees; can you give away your home to avoid paying for care?
Giving away your home seem like an obvious way to avoid paying for care, but it’s not that straightforward.
Many people resent the idea of having to sell their home to pay for care home fees. So perhaps it's not surprising I regularly receive questions for the 'ask the expert' panel about how to safeguard your parent’s home. It's not something that's easy to do (and in some cases it may be illegal).
Savings accounts if you have power of attorney for an elderly relative.
If you have power of attorney, some banks limit the type of saving accounts you can open.
I get lots of emails from SavvyWoman users who are dealing with their parents’ financial affairs and what they have in common is that it’s not straightforward. A power of attorney gives you the right to make financial decisions for someone else who can’t. So you’d think that once you have one, it would be a fairly simple process, but some banks don’t let you open online accounts if you have a power of attorney and others ask for a lot of evidence of ID.