More for those in the UK I guess.....
I probably already know the answer to this and its going to be you can't lol.
Dad has got approx £40-£50K in the bank. He saves from his pension income. He gets less pension credit because he has so much in the bank. In the UK, in the event you need care at home, they will take your savings first (above a certain level) before you get government aid.
Spending money - he'd win a gold medal in the Olympics for being so cheap. He just will not spend it.
I know- he's sound of mind and its up to him but, honestly, the narrow-mindedness is unbelievable. I've told him he needs to spend a bit on his house to make himself comfortable in his old age. Nope won't do it.
I don't want or need his money. BUT I'm concerned that if worse comes to the worse and he needs care, it will get taken off him and, honestly, the stress would kill him off.
I've told him this and I don't think he believes me. I just would hate for it to happen to him.