If my father had to move into an old folk’s home, what’s the maximum amount he’s allowed to have in savings for him not to have to pay any of the home costs? If he were to sign his house over to a family member, how many years need to pass for the property not to be taken into account?
If your father has less than £14,250 in property, savings or investments he will not have to contribute towards residential home costs other than from his “eligible” income. The second part of your question is more difficult to answer. If the local authority thinks someone has given away his property or cash in order to avoid care home fees it can treat him as having “notional capital” and send him the bills. You – and your father – should get detailed advice.