If you require care, it is your right to receive a professional assessment of your needs by your local adult social services department. As part of the assessment process, they will calculate how much you have to pay.
If you have assets and property in excess of £23,250, you will typically have to pay all your care costs as a ‘self funder’.
When moving your Mum or Dad into any form of care, financial matters will need to be resolved fairly quickly to determine who will be paying the bill, and if there is any extra assistance that you might be able to receive, even if you are certain you will need to self fund.
Who conducts a financial assessment, and what will they do?
Financial Assessments are conducted by the local council, and are free of charge. Their job is to determine whether or not the individual/s need their assistance to meet the financial costs of care, whether moving into a care or nursing home, or receiving care in their own home.