By Ammundsen, Vicki
his practical book will guide practitioners through the thorny issues that can arise in relation to residential care subsidies. It includes commentary on the following topics:
thresholds for means testing
deprivation and gifting
applications by couples a...nd singles, and the effect of death, divorce or separation, and new relationships
how far back gifting limits go
residential care loans
how debts are treated for means testing purposes
post-application windfalls or inheritances.
The book includes ten question-and-answer chapters (containing more than 140 questions and answers) as well as useful appendices containing relevant legislation and eight practical case studies with worked examples and sample correspondence.
Questions-and-Answer chapters cover:
Application for care
Cost of care
Financial means assessment
Gifting and deprivation
Spouses and partners
Residential care loans
Rights of appeal and reassessment
Case studies include:
Undertaking a trust reversal
Negative trust equity
Will my mother qualify for a subsidy?
Succession planning issues to consider before going into care
Resolving issues regarding recalcitrant trustees
Disposal of the family home by the trustees
Advising the MSD of an inheritance
The Bridgford caseRead more
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