Fair Deal Advice Blog

Fair Deal? The Dos and don’ts of Nursing Home Care

The above Article in which I feature extensively highlights the complexities that some potential Fair Deal- Nursing Home Support Scheme applicants or those planning for their future face. For those with a good income and assets, it’s not just a case of filling out the forms and submitting the application. To do so without the correct professional advice could be a very costly mistake for the applicant that the applicant potentially will end up paying for until they pass away. Therefore if you are planning to apply for the Fair Deal for yourself or a friend and relative and you or they have a good income and assets of value I would strongly recommend getting professional advice from www.fairdealadvice.ie to ensure that the Fair Deal is the right vehicle to fund yours or your relatives long-term care.

The Fair Deal is an excellent vehicle to fund your long-term care if you are earning an average income and average assets. However, if you live somewhere like Dublin you could easily enough have a family home worth €750,000 plus and this combined with a good pension and some savings could make it borderline or not viable for you to use the Fair Deal to fund your long-term care. With tax relief available at the higher rate of tax you pay for Nursing Home fees you can in some circumstances end up paying less net of tax relief funding your Nursing Home care and be without charges on your assets and other restrictions that the Fair Deal may apply to your income and assets. While the Fair Deal is meant to be fair one has to ask yourself how fair is it that the individual who has a good income from a private or employer pension and has a nice house which they have acquired from years of hard work has to pay up to 80% of their pension income and 7.5% of the value of their home and other assets while the person in the bedroom next door may only be paying 80% of the old age pension.

The moral of the situation is, if you find yourself retired with a good pension and cash in the bank and a nice house don’t forget to enjoy yourself, have a nice holiday every year, upgrade your car and live life to the full (within reason) as saving your money for the Nursing Home will only mean that you will be paying more if you enter a Nursing Home under the Fair Deal scheme.

If you need help or advice regarding yours or a relatives Nursing Home Support Scheme application or if you are worried or wish to plan for your potential future care needs to contact Tom Murray today at www.fairdealadvice.ie by email advice@fairdealadvice.ie or phone directly at 086 6015042.

Source From: https://www.linkedin.com/pulse/fair-deal-dos-donts-nursing-home-care-tom-murray

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 Corinne Culloty 
 
 
 
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The Fair Deal process can be cumbersome, complicated and hugely stressful. Tom’s guidance, support and reassurance have been invaluable to our family. He is calm and composed in his approach, rational and practical in his assistance and always responsive, whether by email or phone, while furnishing us along the way with much valued spreadsheets and back-up material. I just wish we had engaged with Tom sooner…
  
 
  
 
 
 
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I cannot recommend Tom's expertise highly enough . His calm and reassuring manner and his knowledge in the field of fairdeal is a breadth of fresh air .When I was at my wits end with a very stressful experience regarding a fair deal application he rang me back promptly . His advise and help were invaluable .I just wish I'd known about this service before I applied . I advise everyone going through this process to seek professional help and you won't go wrong with a phonecall to Tom. Thank you for your help .
  
 
  
 
 
 
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 Mary Collins-Smith 
 
 
 
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We contacted Tom for advice on my mothers care when my sister and I traveled to Ireland to visit our mother who was waiting to be discharged to a Nursing Home from CUH. His advice was thorough and he was able to assess my mothers financial needs very quickly.  His expertise, follow up, and professionalism were highly evident.  Tom sees things through and he takes his professional role seriously.  We will continue to refer to Tom on my mothers loan application process for her care. I am relieved to have found someone like Tom to help us navigate the nursing home process.  A million thanks, Tom for all your help!  I am happy to know you.
  
 
  
 
 
 
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Tom is exceptional.  His calm, reassuring expertise and ability cuts through the mind numbing complexity of the Fair Deal and supports when you are making difficult & heart-breaking decisions. Our Dad had died unexpectedly just days after our mother had transferred in an emergency situation into full-time care.  Thus, the original Fair Deal application was null & void. We were dealing with grief, anxiety over our mother’s care and dread over how her care would be funded. After one discussion with Tom,  a weight lifted off our shoulders and we had a clear approach to manage our revised Fair Deal application. If I had known of Tom’s existence, I would have persuaded my Dad to have spoken to him years ago. He would have put my Dad and all of us on the best financial pathway to not only provide the best care for my mother but would have removed the dread and fear that my Dad felt, believing he was going to lose everything trying to fund my mother’s care. My advice would be to contact Tom years in advance of needing care funding;  ask him to do a Fair Deal financial assessment and create a financial plan.  You will sleep better at night!
  
 
  
 
 
 
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I was directed to Tom by my attorney in July, regarding my mothers accelerated need for full time care. Living overseas and not knowing what I didn't know, Tom was a phenomenal resource to help me understand the ins & outs of the long term care options. It is by far the best investment one can make before proceeding down this path, absolutely invaluable advice & insight. Not cheap but you certainly get what you pay for - from the moment I reviewed everything with Tom, I had a huge sense of relief about the process.
  
 
  
 
 
 
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 Bernie Walsh 
 
 
 
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I contacted Tom for advice regarding the Fair Deal Scheme as my mother required full time care in a nursing home. Tom's expertise and advice was invaluable. He made the whole daunting process very easy. He had a list of required documents (some that I didn’t know I would need). He took the pain and worry out of the whole process and put my mind at rest. I cannot recommend Tom and this service highly enough. I consider this to be money well spent. Thanks Tom.