You should also be aware that there are time limits for refunds of refundable deposits.
If the care recipient dies, the refund must be paid within 14 days of the approved provider being shown probate or letters of administration. If the care recipient is moving to another service, the refundable deposit must be paid:
• if more than 14 days’ notice of the move was given, on the date the person ceases being provided care,
• if less than 14 days’ notice of the move was given, 14 days after the notice was given, or
• if no notice was given, 14 days after the person ceased being provided care.
In any other case, the refundable deposit is to be paid within 14 days of the care recipient ceasing to be provided with residential care or flexible care.
This above is for information purposes only and should not be considered financial advice. You should discuss your personal circumstances with an expert before making any decisions.