In such circumstances, the Fair Deal contributions would stop with immediate effect. Any weekly contributions made before the person’s death are final. In case the nursing home loan scheme was used, the amount is repayable from the person’s estate. The loan is repayable within 18 months of the applicant’s death or when the property sells.
Tom Murray discusses the need for early succession planning in farming families to manage care costs and safeguard assets in The Irish Farmers Journal....
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