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Financial Assessment - Coggle Diagram
Financial Assessment
£23,250
£14,250-£23,250
£14,250
Jointly held capital - value split between owners
Trusts - discretionary excluded apart from actual payments
Personal injury not included
10% allowance for sale of trust assets
Property home disregard
12 week period
care is temporary
home contains estranged/ divorced partner
spouse/ partner still occupies the property
Relative over the ago of 60 still lives in the property
Assets disregarded
surrender value of life policy
personal possessions
the INITIAL payment for personal injury settlements but not subsequen payments
Deliberate Asset Deprivation
Where asset transferred to third party, the third party is liable for the amount that otherwise would have been paid
Unpaid care cost may cause local authority to consider it a debt and seek to recover it through the courts
local authority has to cat reasonable and may enter into a deferred payment arrange,mnt
Must offered deferred route before court
Notional Capital
Capital that would be available if applied for eg. premium bond win, some social security benefits
paid to third party
Not included
Spouse sells family home and downsizes