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Poor financial advice

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CAH-Adviser
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HB Anorak - 28 June 2017 01:25 PM

Still not convinced.  She’s better off than if it hadn’t happened at all isn’t she?  After paying off overpayments (subject to any diminishing capital), she will still be in a better financial position than she was before.  And the reason for the overpayments is not so much the fact that she acquired capital, it is that she didn’t disclose it (a separate issue).  It could be millions for all we know - no figure has been mentioned yet.  Give me the choice between three years of means tested benefits, or millions minus the repayment of three years of means tested benefits, I’ll take the millions every time!

Although I agree with Brian that if the same capital is double counted for care home fees under the equivalent of the deprivation rule, that would be a problem.

We are talking a large sum of money - The bonds have not yet matured. Without going into too much detail, their relationship
has broken down and there are other services involved, it’s all extremely messy. The Cl is not currently better off.

Gareth Morgan
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Cookie - 28 June 2017 07:43 PM

The bonds have not yet matured.

Any insurance element in the bonds?

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Gareth Morgan - 29 June 2017 09:30 AM
Cookie - 28 June 2017 07:43 PM

The bonds have not yet matured.

Any insurance element in the bonds?

Hi Gareth, I’m not sure, why do you ask?

Gareth Morgan
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Cookie - 29 June 2017 10:48 AM
Gareth Morgan - 29 June 2017 09:30 AM
Cookie - 28 June 2017 07:43 PM

The bonds have not yet matured.

Any insurance element in the bonds?

Hi Gareth, I’m not sure, why do you ask?

Because they may be disregarded.

CAH-Adviser
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Gareth Morgan - 29 June 2017 11:01 AM
Cookie - 29 June 2017 10:48 AM
Gareth Morgan - 29 June 2017 09:30 AM
Cookie - 28 June 2017 07:43 PM

The bonds have not yet matured.

Any insurance element in the bonds?

Hi Gareth, I’m not sure, why do you ask?

Because they may be disregarded.

I’m. It sure there is, but I’ll ask. Thanks.