Just heard about the new legislation re Nursing Home payments on the radio which is intended to make the system fairer for those who can’t afford the expensive fees.
The new deal proposes to make it easier for low income earners to pay for their long stay care according to their means or what they can afford. Apparently up to 15% of the value of any property they own can be taken as part payment after they die. It is also intended that the children of elderly nursing home residents will not have to pay what they can’t afford and will not have to resort to re-mortgaging their homes to fund the costs.
This all begs the question – Isn’t 15% of the value of a house that is left in a will likely to be quite a large fee in the end!? We could be talking about 45,000 euros for a typical 300,000 euro house in Dublin that needs to be paid out by whoever inherits an estate from a long stay resident. Kinda defeats the purpose a bit I think.
Leon.
Reverb Studios Design 