Mom's House, Dad's House: A Complete Guide for Parents Who are Separated, Divorced, or Remarried

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Becoming tenants in common would require specific advice, but would again require the child to pay a market rate for the property. Any Power of Attorney (POA) you have will no longer be effective now that your Nana has passed away. It is her executor/administrator who takes over. At some point, depending on her needs, your gran may be eligible for an NHS-funded nursing care contribution or be eligible for NHS Continuing Health Care Funding. You can read more about both of these here: https://www.alzheimers.org.uk/get-support/legal-financial/nursing-care-…

My mother would also dearly like for her grandchildren to benefit from the succession of her property, If you have capital between the these two figures there is a partial contribution by the local authority Sorry for the difficult situation that you find yourself in. A Will only takes effect when somebody dies so this will not make any difference. Usually, if somebody owns a property when they go into residential care then they have to pay for their care. There may be other options available to you, such as the NHS funding his care. Help! My state pension record has a big hole from the time I was looking after my child: Steve Webb replies On top of this, nearly half of all parents over-55 want to seek legal advice about gifting but are worried about the expense.Whay I need to know now, is with the will being as such, and the LPA in place, should any of us need to have nursing care, can the property be taken away from us to pqay for carehome fees. I am told that it may be safer to change the ownership to tennants in common, if so, with my husband deteriorating,are we now able to change jont ownership to tennants in common, and will this safeguard the whole of the property for our children. When the person has deferred around 70 per cent of the value of their property, the local authority should discuss with the person (or their Power of Attorney or Deputy for Property and Financial decisions) whether a DPA continues to be the best way for the person to pay their care home fees and whether they may be entitled to any means-tested support from the local authority. I can see no obvious remedy here with regards to changing any Wills or trust planning. Its not clear whether anybody else lives in the property, but if a relative over 60 (other than your mother) was living in the property when your father went into care it should be disregarded.

If there isn’t a compulsory reason for the local authority to ignore your aunt’s home in its financial assessment, it may still use its discretion to not include it. BUSINESS CLOSE: BP misses earnings forecasts; Vodafone to sell Spanish arm; Coca-Cola HBC posts strong sales growth My brother may have to into a care home and although I don't live with him, I own 40% of the property and have done so for over 20 years. The house was left to us both by our late Mother.I suggest that you take advice on this matter – it should take no more than 30 minutes of someone’s time – so that you can have the Will, and the implications, fully explained to you. This is a complex area. Please note that the following information is general guidance, rather than legal or financial advice.

You may wish to have one drawn up when purchasing a property to reflect that one of you holds a greater interest in the property over the other, such as where one party has put a greater deposit down or intends to contribute more towards the mortgage. If your sister wasn’t able to repay/fully repay the local authority before she bought the property from your gran, then the DPA would remain and your gran would be required to repay the debt once the sale had taken place. The Age UK guide (PDF) to Paying for Permanent Residential Care might also be handy: https://www.ageuk.org.uk/globalassets/age-uk/documents/factsheets/fs10_…From now on, the family home will no longer be disregarded. Hopefully, some planning will have been done so that your mother’s share of the property does not pass to him under her Will. For this to happen, they will have needed to own the home as tenants in common, and your mother’s Will must make separate provision for her share of the property. If a person decides to sell their property, they should notify the local authority during the sale process. They will be required to pay the amount due to the local authority in full from the proceeds of the sale, and the local authority will be required to relinquish the charge on their property.' Firstly it seems to me that it will be a long and difficult road if you decide to sue your sister for so many reasons. You should seek specialist legal advice before doing so, but on the facts presented it is difficult to see how she could be found personally liable. Transferring your father’s house while acting under an LPA would almost certainly be seen as deliberate deprivation, and it is hard to see how this would be in your father’s best interests. A DPA would mean that the local authority would pay the care home fees owed and place a legal charge on the property. When the property is later sold (which could be while your mum is alive or just after she passes away, if preferred) then the debt to the local authority is repaid, along with interest and administrative charges.

This Support for divorce intervention is to help support a child who has experienced their parents divorcing. It is intended for children who are struggling… Key's Dean Mirfin said: 'Collectively the Bank of Mum and Dad is a major UK financial institution but one that needs advice and guidance so that parents feel empowered to make the right financial decisions for themselves and for the next generations. The house also has a tennis court, an indoor swimming pool, a hot tub and gorgeous idyllic countryside views. The kitchen is spectacular, with a posh marble island and stunning velvet chairs. There’s even an Aga, should anyone wish to cook. I felt that my husband was changing in that his memory was faultering after he had an anethsetic for a knee replacement, and jumping forward to the future I was worried that should any of us need care, we needed to protect our children`s inheritance. This is Money recommends always taking independent financial advice when making such a big decision.If your father owns the property outright, transferring into trust at this stage could be seen as deliberate deprivation of assets and the Local Authority could disregard the transfer.