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Old 22.08.2015, 12:03
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assets paying for care facility

Hello,
My mother in law is 70 now and there is concern if she has to go to care facility, the Kanton or Gemeinde will take her asset to pay for the care.
I understand that one can in essence take over the mortgage, become the new mortgage holder and if she remains healthy and at home for 10 years then the home remains ours. If however she has to go to care facility within that time then the home is sold to pay for her care or we have to pay the full amount of care. For her security she can have a 'right of domicile' for as long as she wants to remain in the home.


Does anyone have knowledge of this, experience or even links (in English please)?
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Old 22.08.2015, 12:14
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Re: assets paying for care facility

Senior citizen care costs are to be paid for with income from all sources. If income does not cover the costs, then assets are used. The exempted threshold amounts are:

Single: CHF 37'500
Married couple: CHF 60'000
Property owner: CHF 300'000

So, if the property is worth CHF 500'000, the canton would require that 200'000 be contributed to the care costs.

For more information, see this article. Use a web translator to translate to English:
http://www.srf.ch/konsum/themen/vers...wandten-zahlen

Edit:
This Beobachter article describes what you outlined. It comments that because of the high exempt threshold for property that the transfer of the property to the next generation might not be worthwhile. See specifically p. 2 "Fallstricke bei Liegenschaftsübertragung":

http://www.beobachter.ch/dossiers/al...ege-im-alter/#

Last edited by Mullhollander; 22.08.2015 at 14:46.
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Old 24.08.2015, 20:35
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Re: assets paying for care facility

Good links, thank you.

Does anyone have referral for a lawyer or other necessary experts that can help me finalize such things .... and be able to work in English?
I can speak German but such things require that extra nuance of the language.
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assets, inheritance, law, mortgage, old age homes




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