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Finances / Finanzen » uk.finance » Elderly care
Elderly care [message #377693] Mo, 03 April 2006 18:19
Old Boy  
A rather cold hearted case in the UK for taking pensioners homes from
them in order to pay
for their healthcare...

http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89


not sure I agree...
Re: Elderly care [message #377695 ] Mo, 03 April 2006 18:52
Tumbleweed  
"Old Boy" <mazoldboy [at] googlemail.com> wrote in message
news:1144081169.932733.290630 [at] t31g2000cwb.googlegroups.com...
>A rather cold hearted case in the UK for taking pensioners homes from
> them in order to pay
> for their healthcare...
>
> http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89
>
>
> not sure I agree...
>
Another POV is, "I worked hard all my life to get that and want to give it
to my kids, whilst some other feckless person was sponging off the state
(aka me the hard worker) and gets the same level of care, so why would you
(the govt) advise my kids to get a job or save?"

I suppose the answer has to be, old person gives home to kids more than (7?)
years before they die and hope the kids dont chuck 'em out. (Not sure if it
needs to be as long as 7 from that aspect?)

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
Re: Elderly care [message #377700 ] Mo, 03 April 2006 20:18
tim_in_sweden2005  
"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
news:49d1vgFnob40U1 [at] individual.net...
> "Old Boy" <mazoldboy [at] googlemail.com> wrote in message
> news:1144081169.932733.290630 [at] t31g2000cwb.googlegroups.com...
>>A rather cold hearted case in the UK for taking pensioners homes from
>> them in order to pay
>> for their healthcare...
>>
>> http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89
>>
>>
>> not sure I agree...
>>
> Another POV is, "I worked hard all my life to get that and want to give it
> to my kids, whilst some other feckless person was sponging off the state
> (aka me the hard worker) and gets the same level of care, so why would you
> (the govt) advise my kids to get a job or save?"
>
> I suppose the answer has to be, old person gives home to kids more than
> (7?) years before they die and hope the kids dont chuck 'em out. (Not sure
> if it needs to be as long as 7 from that aspect?)

The German method also works:

The kids always pay for the needs of their parents whether they
are in line to inherit or not.

Seems fair to me, not sure that it is politically workable.

tim
Re: Elderly care [message #377705 ] Mo, 03 April 2006 23:14
Tumbleweed  
"tim (back in SY)" <tim_in_sweden2005 [at] yahoo.co.uk> wrote in message
news:49d8h8Fo20suU4 [at] individual.net...
>
> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
> news:49d1vgFnob40U1 [at] individual.net...
>> "Old Boy" <mazoldboy [at] googlemail.com> wrote in message
>> news:1144081169.932733.290630 [at] t31g2000cwb.googlegroups.com...
>>>A rather cold hearted case in the UK for taking pensioners homes from
>>> them in order to pay
>>> for their healthcare...
>>>
>>> http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89
>>>
>>>
>>> not sure I agree...
>>>
>> Another POV is, "I worked hard all my life to get that and want to give
>> it to my kids, whilst some other feckless person was sponging off the
>> state (aka me the hard worker) and gets the same level of care, so why
>> would you (the govt) advise my kids to get a job or save?"
>>
>> I suppose the answer has to be, old person gives home to kids more than
>> (7?) years before they die and hope the kids dont chuck 'em out. (Not
>> sure if it needs to be as long as 7 from that aspect?)
>
> The German method also works:
>
> The kids always pay for the needs of their parents whether they
> are in line to inherit or not.
>
> Seems fair to me, not sure that it is politically workable.
>

Can you explain more? Sounds amazing. Suppose you hated your parents, you
had a miserable childhood, how would that work? Do they just deduct the
money from your wages or what? And how do they divvie up the costs between
children? And at what age does this start? When you reach retirement age?
tell us more!!

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
Re: Elderly care [message #377707 ] Mo, 03 April 2006 23:39
tim_in_sweden2005  
"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
news:49dhbuFo3a66U1 [at] individual.net...
>
> "tim (back in SY)" <tim_in_sweden2005 [at] yahoo.co.uk> wrote in message
> news:49d8h8Fo20suU4 [at] individual.net...
>>
>> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
>> news:49d1vgFnob40U1 [at] individual.net...
>>> "Old Boy" <mazoldboy [at] googlemail.com> wrote in message
>>> news:1144081169.932733.290630 [at] t31g2000cwb.googlegroups.com...
>>>>A rather cold hearted case in the UK for taking pensioners homes from
>>>> them in order to pay
>>>> for their healthcare...
>>>>
>>>> http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89
>>>>
>>>>
>>>> not sure I agree...
>>>>
>>> Another POV is, "I worked hard all my life to get that and want to give
>>> it to my kids, whilst some other feckless person was sponging off the
>>> state (aka me the hard worker) and gets the same level of care, so why
>>> would you (the govt) advise my kids to get a job or save?"
>>>
>>> I suppose the answer has to be, old person gives home to kids more than
>>> (7?) years before they die and hope the kids dont chuck 'em out. (Not
>>> sure if it needs to be as long as 7 from that aspect?)
>>
>> The German method also works:
>>
>> The kids always pay for the needs of their parents whether they
>> are in line to inherit or not.
>>
>> Seems fair to me, not sure that it is politically workable.
>>
>
> Can you explain more? Sounds amazing.

The basic rule is quite simple. If a person can't pay
for their care in old age their children are legally
required to care for them (either personally or by
meeting the bill for a third party to do it)..

Of course, this being the land of obeying rules
Germans take step to be prepared for it and in
most cases it is just done in much the same way
that people everywhere expect to look after their
offspring as children.

> Suppose you hated your parents, you had a miserable childhood, how would
> that work? Do they just deduct the money from your wages or what? And how
> do they divvie up the costs between children? And at what age does this
> start? When you reach retirement age? tell us more!!

I've no idea how they enforce it against someone
who won't pay for it voluntarily, but they do. I
remember reading a case in a UK paper about
someone half German born in the UK, being sued
in the UK for the cost of his parent's care after they
had gone home to retire.

When I was working in Germany confirmed with my
colleagues that this was the rule. In the main they
were surprised that we didn't have a similar
requirement, as it seemed so natural to them (which
if you think about it, it is)

tim
Re: Elderly care [message #377712 ] Di, 04 April 2006 00:31
Tumbleweed  
"tim (back in SY)" <tim_in_sweden2005 [at] yahoo.co.uk> wrote in message
news:49dj4mFo7n7pU1 [at] individual.net...

>>>
>>> The German method also works:
>>>
>>> The kids always pay for the needs of their parents whether they
>>> are in line to inherit or not.
>>>
>>> Seems fair to me, not sure that it is politically workable.
>>>
>>
>> Can you explain more? Sounds amazing.
>
> The basic rule is quite simple. If a person can't pay
> for their care in old age their children are legally
> required to care for them (either personally or by
> meeting the bill for a third party to do it)..
>
> Of course, this being the land of obeying rules
> Germans take step to be prepared for it and in
> most cases it is just done in much the same way
> that people everywhere expect to look after their
> offspring as children.
>
>> Suppose you hated your parents, you had a miserable childhood, how would
>> that work? Do they just deduct the money from your wages or what? And how
>> do they divvie up the costs between children? And at what age does this
>> start? When you reach retirement age? tell us more!!
>
> I've no idea how they enforce it against someone
> who won't pay for it voluntarily, but they do. I
> remember reading a case in a UK paper about
> someone half German born in the UK, being sued
> in the UK for the cost of his parent's care after they
> had gone home to retire.

I wonder what the outcome was?
>
> When I was working in Germany confirmed with my
> colleagues that this was the rule. In the main they
> were surprised that we didn't have a similar
> requirement, as it seemed so natural to them (which
> if you think about it, it is)
>

I dont think its natural at all. I can also think of several million reasons
why its a bad idea but might change my mind as I get older :-)

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
Re: Elderly care [message #377722 ] Di, 04 April 2006 08:29
Troy Steadman  
Tumbleweed wrote:
> "Old Boy" <mazoldboy [at] googlemail.com> wrote in message
> news:1144081169.932733.290630 [at] t31g2000cwb.googlegroups.com...
> >A rather cold hearted case in the UK for taking pensioners homes from
> > them in order to pay
> > for their healthcare...
> >
> > http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89
> >
> >
> > not sure I agree...
> >
> Another POV is, "I worked hard all my life to get that and want to give it
> to my kids, whilst some other feckless person was sponging off the state
> (aka me the hard worker) and gets the same level of care, so why would you
> (the govt) advise my kids to get a job or save?"
>
> I suppose the answer has to be, old person gives home to kids more than (7?)
> years before they die and hope the kids dont chuck 'em out. (Not sure if it
> needs to be as long as 7 from that aspect?)

If the parents continue to live in the house then it is a "gift with
reservation" - not a gift at all.

If they give a portion of the house to a kid who moves into the house
with them, then no "gift with reservation" - 7 years later the gift
falls out of IHT.
Re: Elderly care [message #377726 ] Di, 04 April 2006 10:13
Tumbleweed  
"Troy Steadman" <troysteadman [at] yahoo.co.uk> wrote in message
news:1144132146.035328.25110 [at] e56g2000cwe.googlegroups.com...
> Tumbleweed wrote:
>> "Old Boy" <mazoldboy [at] googlemail.com> wrote in message
>> news:1144081169.932733.290630 [at] t31g2000cwb.googlegroups.com...
>> >A rather cold hearted case in the UK for taking pensioners homes from
>> > them in order to pay
>> > for their healthcare...
>> >
>> > http://www.thefirstpost.co.uk/index.php?menuID=1&subID=3 89
>> >
>> >
>> > not sure I agree...
>> >
>> Another POV is, "I worked hard all my life to get that and want to give
>> it
>> to my kids, whilst some other feckless person was sponging off the state
>> (aka me the hard worker) and gets the same level of care, so why would
>> you
>> (the govt) advise my kids to get a job or save?"
>>
>> I suppose the answer has to be, old person gives home to kids more than
>> (7?)
>> years before they die and hope the kids dont chuck 'em out. (Not sure if
>> it
>> needs to be as long as 7 from that aspect?)
>
> If the parents continue to live in the house then it is a "gift with
> reservation" - not a gift at all.
>
> If they give a portion of the house to a kid who moves into the house
> with them, then no "gift with reservation" - 7 years later the gift
> falls out of IHT.
>
Right but that is for IHT, I wonder what the rule is for paying for care
home purposes? ISTR reading it was a year but not sure.

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
Re: Elderly care [message #377731 ] Di, 04 April 2006 11:34
mogga  
On Mon, 3 Apr 2006 23:31:22 +0100, "Tumbleweed"
<thisaccountneverread [at] yahoo.com> wrote:


>
>I dont think its natural at all. I can also think of several million reasons
>why its a bad idea but might change my mind as I get older :-)

You don't think that we kindof do a version of this in reverse in the
UK - kids expect the house and not to have to look after eldelery
parents.
--
Get money off vouchers for everything
http://www.moneyoffvouchers.co.uk
Re: Elderly care [message #377733 ] Di, 04 April 2006 12:19
Robert  
"If the parents continue to live in the house then it is a "gift with
reservation" - not a gift at all. "

It's not a gift for inheritance tax purposes, I agree. But it is a
gift for capital gains tax purposes. This gives the 'worst of both'
scenario. IHT will be payable on the value of the house at the date
of death, plus CGT will be payable on the incease in value since the
date of the gift.


Robert
Re: Elderly care [message #377739 ] Di, 04 April 2006 18:09
Tim  
"tim (back in SY)" wrote
> The basic rule is quite simple. If a person can't pay
> for their care in old age their children are legally
> required to care for them (either personally or by
> meeting the bill for a third party to do it)..
>
> Of course, this being the land of obeying
> rules Germans take step to be prepared for it
> and in most cases it is just done in much the
> same way that people everywhere expect
> to look after their offspring as children.

There's a difference though - every child has
parents, but not every old person has children.

What happens to those old people who can't
pay and don't have any children to foot the bill?

Also, some parents give up their children for adoption
and then don't expect to "pay for their offspring".
Can people give up their old parents to be "adopted"??!
Re: Elderly care [message #377742 ] Di, 04 April 2006 19:42
tim_in_sweden2005  
"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
news:49dlreFnhj81U1 [at] individual.net...
>

>> When I was working in Germany confirmed with my
>> colleagues that this was the rule. In the main they
>> were surprised that we didn't have a similar
>> requirement, as it seemed so natural to them (which
>> if you think about it, it is)
>>
>
> I dont think its natural at all.

What happened before we had a welfare state?

What happens in developing countries that have no
welfare system?

> I can also think of several million reasons why its a bad idea

Which are?

I accept that moving to the system is hard.

But if you've always had the system it seems fairer.

> but might change my mind as I get older :-)

It's not the oldies that notice the difference.

tim
Re: Elderly care [message #377743 ] Di, 04 April 2006 19:44
tim_in_sweden2005  
"Tim" <me [at] home.uk> wrote in message news:W5Sdne95kanDB6_ZRVnyuA [at] bt.com...
> "tim (back in SY)" wrote
>> The basic rule is quite simple. If a person can't pay
>> for their care in old age their children are legally
>> required to care for them (either personally or by
>> meeting the bill for a third party to do it)..
>>
>> Of course, this being the land of obeying
>> rules Germans take step to be prepared for it
>> and in most cases it is just done in much the
>> same way that people everywhere expect
>> to look after their offspring as children.
>
> There's a difference though - every child has
> parents, but not every old person has children.

The German's are noticing this.

> What happens to those old people who can't
> pay and don't have any children to foot the bill?

They are considering charging them a tax surcharge.
Seems unfair to me, they should get a rebate for the
education savings.

> Also, some parents give up their children for adoption
> and then don't expect to "pay for their offspring".
> Can people give up their old parents to be "adopted"??!

No idea.

tim
Re: Elderly care [message #377748 ] Di, 04 April 2006 20:54
Tim  
> "Tim" wrote
> > What happens to those old people who can't
> > pay and don't have any children to foot the bill?
>
"tim (back in SY)" wrote
> They are considering charging them a tax surcharge.

But at what age should that tax charge start?
Eg - just because you don't have kids by age
30 or 40 doesn't mean you won't have any later!

"tim (back in SY)" wrote
> Seems unfair to me, they should get
> a rebate for the education savings.

Yep, agreed - and people who are always
employed/self-employed should get a rebate
from unemployment benefit savings, and
people who never go to the doctor/hospital
should get a rebate from NHS savings, etc etc.
Re: Elderly care [message #377753 ] Di, 04 April 2006 23:07
Jonathan Bryce  
Robert wrote:

> It's not a gift for inheritance tax purposes, I agree. But it is a
> gift for capital gains tax purposes. This gives the 'worst of both'
> scenario. IHT will be payable on the value of the house at the date
> of death, plus CGT will be payable on the incease in value since the
> date of the gift.

If you have a choice between losing 40% of it in IHT and 100% of it in care
home fees, which one are you going to choose?
Re: Elderly care [message #377754 ] Di, 04 April 2006 23:09
Jonathan Bryce  
tim (back in SY) wrote:

>> What happens to those old people who can't
>> pay and don't have any children to foot the bill?
>
> They are considering charging them a tax surcharge.
> Seems unfair to me, they should get a rebate for the
> education savings.

But the low birth rate in Germany is causing more problems than just this,
so they wouldn't want to encourage it further.
Re: Elderly care [message #377758 ] Mi, 05 April 2006 00:14
alan.frame  
Tumbleweed <thisaccountneverread [at] yahoo.com> wrote:

> "tim (back in SY)" <tim_in_sweden2005 [at] yahoo.co.uk> wrote in message
> news:49d8h8Fo20suU4 [at] individual.net...
[]
> > The German method also works:
> >
> > The kids always pay for the needs of their parents whether they
> > are in line to inherit or not.
> >
> > Seems fair to me, not sure that it is politically workable.
>
> Can you explain more? Sounds amazing. Suppose you hated your parents, you
> had a miserable childhood, how would that work? Do they just deduct the
> money from your wages or what? And how do they divvie up the costs between
> children? And at what age does this start? When you reach retirement age?
> tell us more!!

That's an old Miles Kington story:

Son goes out for dinner with parents to celebrate his 21st birthday:

Son thanks parent for bringing him up and how he'll always be in their
debt.
Parents explain how they don't want him wondering how much he owes them,
and produce a ledger book _Son's Childhood_, totaling XX,000 GBP.

Son flicks through it and sees entries "Donkey & Ice cream, Blackpool
Beach June 1970 : 85p", "School Trip 1972: £2.50", "Second-hand mini,
17th Birthday £500" etc, etc.

Son says "Oh, Ok then, I guess I better pay for *this* meal", and opens
a brand new blank ledger labeled _Aged Parents Declining Years_ , enters
opening balance and first transaction... ;-)

rgds, Alan
--
99 Ducati 748BP, 95 Ducati 600SS, 81 Guzzi Monza, 74 MV Agusta 350
"Ride to Work, Work to Ride" SI# 7.067 DoD#1930 PGP Key 0xBDED56C5
Re: Elderly care [message #377760 ] Mi, 05 April 2006 00:35
Tumbleweed  
"tim (back in SY)" <tim_in_sweden2005 [at] yahoo.co.uk> wrote in message
news:49fqhnFod0o1U3 [at] individual.net...
>
> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
> news:49dlreFnhj81U1 [at] individual.net...
>>
>
>>> When I was working in Germany confirmed with my
>>> colleagues that this was the rule. In the main they
>>> were surprised that we didn't have a similar
>>> requirement, as it seemed so natural to them (which
>>> if you think about it, it is)
>>>
>>
>> I dont think its natural at all.
>
> What happened before we had a welfare state?

Very few people lived long enough for this to be a need. Old people (aged
maybe 40) got ill and died. End of story. In later times, for those that had
an elderly person living with them , it just meant (say) 12 people in the
one room hovel instead of 11, plus some inbuilt child care so the parents
and younger kids could work more.
In any case, they only had to pay for food, not for someone else to house
and feed and care for the parents, so any financial aspect was minimal.
Chnaces are the lack of food and warmth would ahve done for them pretty
quick so they would only have been around for a few years, not for 20 or 30
or more. I see people in care homes now adays who wouldnt live more thana
few weeks if they didnt have round the clock nursing care, feeding etc.
People are living well beyond the time that evolution equipped their bodies
to last for. This has probably only been a problem for the last 50 or so
years.

>
> What happens in developing countries that have no
> welfare system?

See above.

>
>> I can also think of several million reasons why its a bad idea
>
> Which are?

1) fairness to the children. Think of all of the different permutations of
numbers of children, their earning ability, their domestic situations.
Either they will be disproportionately affected by a flat rate tax, or an
incredibly complex algorithm that will make the child tax agency look like
childs play will come into play (and that will also not be fair).
2)fairness to dependents of the children. Their circumstances will be
adversely affected by something out of the control of the children, that is,
when and how much care the parents need.
3)inability to take account of the kind of parents they were, for example
parents are bastards to their children as they grow up, just staying on the
right side of child abuse, then squander their inheritance, then effectively
force them to pay to look after them.
Maybe just hopeless crap 'chav' parents who give their children little help
growing up..why do those children owe them anything at all?
4)no incentive to earn more if taxation will increase, esp if its to pay for
something you resent (see (3)), hence if payment is means related, it can be
throttled back until the parents depart this mortal coil.
5) reduced incentive for parents to save for old age if they can splurge it
all and then forceably sponge off their kids.
...
some reasons omitted for reasons of bandwith
...
3,654,376) Evadeable..."goodbye Germany", maybe "goodbye EU".

>
> I accept that moving to the system is hard.
>
> But if you've always had the system it seems fairer.

Would be interested to know how they deal with the first (3). I also read
the other day about a law whereby (maybe just in Bavaria?) every householder
had to pay for a chimney cleaner to vist so many times a year, even if they
didn't have a chimney (!!!) and this was causing resentment and so maybe
things are changing in Germany in respect of old customs?

>
>> but might change my mind as I get older :-)
>
> It's not the oldies that notice the difference.

I can imagine.


--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
Re: Elderly care [message #377881 ] Fr, 07 April 2006 14:00
Gordon  
Alan Frame <alan.frame [at] acm.org> wrote
>
>That's an old Miles Kington story:
>
>Son goes out for dinner with parents to celebrate his 21st birthday:
>
>Son thanks parent for bringing him up and how he'll always be in their
>debt.
>Parents explain how they don't want him wondering how much he owes them,
>and produce a ledger book _Son's Childhood_, totaling XX,000 GBP.
>
>Son flicks through it and sees entries "Donkey & Ice cream, Blackpool
>Beach June 1970 : 85p", "School Trip 1972: £2.50", "Second-hand mini,
>17th Birthday £500" etc, etc.
>
>Son says "Oh, Ok then, I guess I better pay for *this* meal", and opens
>a brand new blank ledger labeled _Aged Parents Declining Years_ , enters
>opening balance and first transaction... ;-)
>
If it is an *old* Miles Kington story, I wonder how old he is now, and
what are his current attitudes? ;-)

I'm 72, still fit, and in better shape financially than two of my adult
children, largely because they spent their money as it came, or rather
slightly faster than it came!
I heard Mr Micawber, and kept my spending down to 19/6d.

One of my children is in America, and one in California, unfortunately
the one who knows how to handle money....
The daughter who lives 'within reach' (1/2 an hour) has just off-loaded
her 4 figure credit card debt by adding it to her mortgage, which wipes
out three years' equity gain, and is moving in with her third
relationship partner, planning to rent out her own house. 8-(

What should I be doing? IHT won't enter into it, with a £170k house
and a few ISAs. My inclination is to sell, get into secure rented
accommodation in a pleasant area which excludes anyone under 55, and
spend the lot, at least down to the limit which precludes me paying
Nursing Home fees.

Voluntary Euthanasia if and when I need someone to change my nappies is
just a dream. ;-)
--
Gordon Harris
Re: Elderly care [message #377891 ] Fr, 07 April 2006 18:24
Tumbleweed  
"Gordon" <Gordon [at] g3snx.demon.co.uk> wrote in message
news:rBlEQRH4RlNEFw2S [at] g3snx.demon.co.uk...

>
> I'm 72, still fit, and in better shape financially than two of my adult
> children, largely because they spent their money as it came, or rather
> slightly faster than it came!
> I heard Mr Micawber, and kept my spending down to 19/6d.
>
> One of my children is in America, and one in California, unfortunately the
> one who knows how to handle money....
> The daughter who lives 'within reach' (1/2 an hour) has just off-loaded
> her 4 figure credit card debt by adding it to her mortgage, which wipes
> out three years' equity gain,

No it doesnt. It just makes it plain that she spent that already. Which may
or may not have been sensible but moving it to lower cost debt seems like a
plan.

> and is moving in with her third relationship partner, planning to rent out
> her own house. 8-(

Why the sad face? Presumably she will cover the mortgage or more, perhaps
enabling her to pay off those 'credit card' bills (now subsumed in the
mortgage).
Certainly it should make her financially better off anyway.

>
> What should I be doing? IHT won't enter into it, with a £170k house and
> a few ISAs. My inclination is to sell, get into secure rented
> accommodation in a pleasant area which excludes anyone under 55, and spend
> the lot, at least down to the limit which precludes me paying Nursing Home
> fees.

I suppose that is 20+ years at 750 a month so that seems like a viable plan.
There was a woman in the news a few years back, she was continuously sailing
round the world on the QE2 on the grounds it was cheaper than renting!
>
> Voluntary Euthanasia if and when I need someone to change my nappies is
> just a dream. ;-)

Murder Inc?

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
Re: Elderly care [message #377924 ] Fr, 07 April 2006 19:17
Gordon  
Tumbleweed <thisaccountneverread [at] yahoo.com> wrote
>
>
>> and is moving in with her third relationship partner, planning to rent out
>> her own house. 8-(
>
>Why the sad face? Presumably she will cover the mortgage or more, perhaps
>enabling her to pay off those 'credit card' bills (now subsumed in the
>mortgage).
>Certainly it should make her financially better off anyway.
>
The boy friend has made her financially better off, that's all, enabling
her spending to continue unabated....
Women are well advised to be financially independent of partners and
husbands.
>>
>> What should I be doing? IHT won't enter into it, with a £170k house and
>> a few ISAs. My inclination is to sell, get into secure rented
>> accommodation in a pleasant area which excludes anyone under 55, and spend
>> the lot, at least down to the limit which precludes me paying Nursing Home
>> fees.
>
>I suppose that is 20+ years at 750 a month so that seems like a viable plan.
>There was a woman in the news a few years back, she was continuously sailing
>round the world on the QE2 on the grounds it was cheaper than renting!
>>
I'm afraid that serial cruising would be an unpleasant way of spending
my life, long holidays in the sun would be ok though.....

>> Voluntary Euthanasia if and when I need someone to change my nappies is
>> just a dream. ;-)
>
>Murder Inc?
>
I haven't seen their brochure yet. :)
--
Gordon Harris
Re: Elderly care [message #377968 ] Sa, 08 April 2006 22:00
sum1  
Gordon [at] g3snx.demon.co.uk wrote:

> Tumbleweed <thisaccountneverread [at] yahoo.com> wrote
> >
> >
> >> and is moving in with her third relationship partner, planning to rent out
> >> her own house. 8-(
> >
> >Why the sad face? Presumably she will cover the mortgage or more, perhaps
> >enabling her to pay off those 'credit card' bills (now subsumed in the
> >mortgage).
> >Certainly it should make her financially better off anyway.
> >
> The boy friend has made her financially better off, that's all, enabling
> her spending to continue unabated....
> Women are well advised to be financially independent of partners and
> husbands.
> >>
> >> What should I be doing? IHT won't enter into it, with a £170k house and
> >> a few ISAs. My inclination is to sell, get into secure rented
> >> accommodation in a pleasant area which excludes anyone under 55, and spend
> >> the lot, at least down to the limit which precludes me paying Nursing Home
> >> fees.
> >
> >I suppose that is 20+ years at 750 a month so that seems like a viable plan.
> >There was a woman in the news a few years back, she was continuously sailing
> >round the world on the QE2 on the grounds it was cheaper than renting!
> >>
> I'm afraid that serial cruising would be an unpleasant way of spending
> my life, long holidays in the sun would be ok though.....
>
> >> Voluntary Euthanasia if and when I need someone to change my nappies is
> >> just a dream. ;-)
> >
> >Murder Inc?
> >
> I haven't seen their brochure yet. :)

Be delighted to send full details via e-mail....
--
Ian
Ft Worth, Texas, USA
Vorheriges Thema:Stocks with strong performance - 04/07/2006
Nächstes Thema:Greedy landord keeps £2000 deposit
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