What "running out" really means
Nobody is left with nothing. When capital falls to £23,250 the council starts to contribute. But by then, most of what you hoped to pass on to your family may have gone on fees.
And the council will only pay what it considers a reasonable rate. If the care home charges more, a family member may be asked to pay a top-up, or there may be a move to a cheaper home.
Planning ahead makes a difference. The earlier families look at this, the more options they have. Talk to a specialist.
Frequently asked questions
What happens when my money runs out in a care home?
When your capital falls to £23,250 the council should start to help. Tell them a few months before you reach that point so they can assess you in time. You may have to move if the home costs more than the council will pay, unless someone pays a top-up.
Do care home fees go up every year?
Yes, usually. Fees often rise by more than inflation, so it's sensible to allow for increases when planning.
Can I keep my house if I go into care?
Not always. If it's counted, a deferred payment agreement with the council can mean it doesn't have to be sold during your lifetime, but the fees are still repaid from it later.
Talk to a specialist
Tell us a little about your situation and a specialist will call you back, usually within one working day. No obligation, and we know these conversations can be difficult.