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My mother is currently under assessment with a view to going into long term care. She has a limited amount of liquid assets but does own her own home which will be sold and the proceeds used to fund her care. Whilst she has funds she will be pay for her own care until she reaches £23.500 threshold. Until this time she will also continue to receive her old age pension. I understand she cannot give away too much of her money from the house sale as this will be considered asset stripping and a later penalty can be imposed to recover this. I believe the money from the house is considered as capital. Does the same apply to her pension money, or can she spend this as she wishes?

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We are nearing the doorstep of this as well. In the US the home even if paid for is not counted as an asset, neither are the contents of the home, or one vehicle. Social security benefits are not counted as assets, but are used towards nursing care usually. I don't know about retirement accounts yet, my plan is to get an Elder Care Attorney in hopes of finding something else that is exempt. There is also an audit going back five years. It's a learning process, and very eye opening to any of our own future retirements.
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Where does your mother live.....the US or outside the US? If US, what state?
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