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Revoking an LPA to add a new attorney
My mother has capacity, and set up LPAs naming myself and my father as attorneys. She didn't name my sister as she thought it would be a burden (sister's always very busy it seems). My father has since died, and my sister would like to be an attorney for my mother now. I understand that in order to do this, my mother needs…
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Power of attorney - what happens if it's processed in time?
I am in the process of doing the paperwork, but I have seen they can take 6 months. I have to have an operation soon and I am really concerned that the paperwork will not come back in time for the op. Will it still be valid? Is there anything I can do? I need to make sure that my partner has access to my (separate) bank…
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Dividing assets during divorce process
Hi, not sure whether this is a stupid question! So my ex and I are divorcing (have the conditional order). We have agreed how we're splitting the finances and are both happy with that. However, I've had nearly all our money in accounts in my name only, for tax reasons, and it's mostly in restricted access accounts that…
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Partner moving in - how to split outgoings
My partner will be moving in to my property and I'm looking to get advice on how the essential outgoings should be divided/paid. The intention is to get a joint bank account but our circumstances as different to the normal moving in and I'm unable to find similar posts online. To provide background (and any figures are…
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Any benefits to a civil partnership?
Now that bereavement benefits have been equalised for cohabitating as well as civil partnered and married couples, asides from a tax break, is there actually any pragmatic benefits to getting civil partnered? We do have children, but also have wills in place.
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Default on a mortgage after separation.
I've joined these forums in the hope that it might help a friend of mine. She separated from her husband and he left the family home about a year ago, but he continued to pay the mortgage and bills to support his 3 children. It has now come to light that he stopped paying the mortgage and bills 3 months ago but said…
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Joint Mortgage: ‘Buying’ more equity from Partner
I joined onto my partners mortgage and we are now Tennants in common. A Declaration of trust is in place to protect their initial deposit and equity before splitting the profits; should we split and sell house.They now wish for me to ‘purchase’ this equity for cash in order to support a large purchase. So we can re-write…
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Power of Attorney - Selling Dads House
My father has very recently gone into a care home and will not be returning to his house. I have POA for finance and am going to sell his house in order to fund his on-going care. He is of sound mind and able to make decisions even though he is 92 years old. However, I assume that as I have POA I can sell his house and…
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Beneficial interest in the valuation of a home in LA care financial assessment
My widowed mother owns her own leasehold home outright. She
is in poor health and on a low income with no savings so we expect that she may
eventually go into a care home. After
about two years of living in a care / nursing home there will be no equity in
the home to pass onto her children as per her will. I understand…
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Power of attorney query - replacement attorney
We’ve done LPA property and finance for mother in law 3 attorneys joint and severally together with 1 replacement attorney. OPG have validated the LPA and we’ve just going to register with a bank and we’ve noticed there’s an incorrect DOB for the replacement attorney. As they’re not the list of attorneys is this an issue…
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Threshold for funding own elderly care
Hi Newbie to the site, In 2020 my father died, and as my mother had dementia we had to put her in a home. We sold their home and mothers half has been used to finance her care ever since. Our understanding was when her pot got down to £23,250 that she would no longer have to contribute beyond her old age pension. We've…
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Power of Attorney
It’s got to the point now where our mother will be discharged from hospital, where she’s been for the past 6/7 weeks, into a nursing home. We’ve had a discussion with medical staff today and it’s decided this will be in her best interests as she can’t cope at home and the home would provide her with the assurance of 24/7…
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Child Trust Fund cash locked away.
Just seen recent information posted regarding children with disabilities accessing money. My granddaughter has a trust fund with One Family. Question; given this issue should we continue to pay into it, or should we start another form of savings for her?
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Witness Warning
I received a letter from the Crown court yesterday. It said that the courts take a dim view of witnesses that do not attend without good reason. Is this a standard letter issued to witnesses?. I'm giving evidence against my former husband for coercive control in August.
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Holiday costs following relationship breakdown
Hi all. I'd like some opinions on the fair thing to do in this situation please. Booked a holiday for Aug 2023 with partner at the time but we have recently parted ways. We both paid £192 deposit and I've paid the balance of £1157 (a week before splitting up as luck would have it). We'd agreed that I'll go solo on the…
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Multiple financial attorneys on LPA
I'm very much an LPA novice but various relatives are at the point of considering them and for some reason I'm getting asked questions so I'd like to help if possible - one key one for starters: If a person designates multiple attorneys on their financial LPA, does that mean by default they have to act together…
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Taking one name from double barrel. Deed poll?
Hoping someone who has been through something similar will be able to advise. I got married last year and want to change my surname to my husband's name. The problem is that he has a double barreled name (hyphenated). In day to day and professional life he only uses the first part of the double barrel. My intention is to…
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mortgage deposit in relation to divorce settlement
hello, Looking for some advice if I put the whole 10 percent deposit down on a house and im married, however my wife doesn't contribute to the deposit. Will she be entitled to half the deposit if we separate?. I've spoken to different solicitors some say no and some say if we are married for 5 years she will be entitled to…
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Giving money to relatives
My parents want to give me some money towards home renovations and other living expenses. I understand you can only give £3000 tax free as a gift per year. Is a way around this to open a joint bank account, my parents deposit the money in there (£40'000), and then me withdraw the money as and when I need it? Many thanks
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Tenants in Common, 50% in trust
My husband and I own our bungalow as 50-50 tenants-in-common (ever since we bought it in 2015), and each of us have left our share to our son. When the first of us dies, our son inherits 50% in trust. He does not live in the bungalow. We are in our early 70s with no major health issues. If the remaining parent has to go…
A place for mums with kids of all ages to discuss parent MoneySaving matters.
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A place for dads with kids of all ages to discuss parent MoneySaving matters.
Get MoneySaving help at the time of bereavement - discuss wills, inheritance tax, estate planning and more.
For MoneySaving questions about taking care of your cat, dog, parrot or other animal companion, including vet fees and pet insurance.