Can Mum give me money?

ajbell

Give a man a fish and he can eat for a day. Teach a man to fish, and he can eat for life. Chinese proverb


Unless he does not live near water or does not like fish.

xylophone

They asked me if she owned any property

Did they ask whether she had ever owned any property?
https://forums.moneysavingexpert.com/discussion/comment/56042931#Comment_56042931 post 4

innovate

ajbell wrote: »

Give a man a fish and he can eat for a day. Teach a man to fish, and he can eat for life. Chinese proverb


Unless he does not live near water or does not like fish.

Part of teaching a man to fish is to teach him to find out where the fish are (there's water [with fish] in a lot of unexpected places!), and how to live of fishing. Nobody ever said the man has to eat fish himself!

Apart from that, it isn't just about fish :cool: ....and you knew that

talexuser

The idea of parents using their pension pot to give kids a deposit on overpriced homes (due to a debt bubble) is just moronic, although I guess the bankers will love the idea of more "plebs" in debt to them. What do we do then with all the old people with insufficient pensions? This must surely be the craziest kicking the can down the road idea yet!

srcandas

talexuser wrote: »

The idea of parents using their pension pot to give kids a deposit on overpriced homes (due to a debt bubble) is just moronic, although I guess the bankers will love the idea of more "plebs" in debt to them. What do we do then with all the old people with insufficient pensions? This must surely be the craziest kicking the can down the road idea yet!

Seems odd to me as well but there will of course be parameters applied. I guess the good thing is that if you give up a part of your pension pot to get your kids on the housing ladder you no longer need to leave them anything and you can spend every last penny - and then move in with them :rotfl:

oldtoolie

Back to the OP: Despite the costs, sometimes you need to talk to an expert. There are no experts on this forum. You need to see a solicitor specialising in family law and care issues. The first visit is usually free. You can layout your problems and the questions you need answered. The solicitor will tell you what can be done and what it will cost you.

Thamesview

Thank you to everyone who offered solid advice and thoughts to this post. To go right back to basics, my mum gave me some money, which I used to buy a bigger house, with the intention of my mum moving in with me. This didnt happen because she suffered a stroke before she could move in, but I did continue to buy another house. I'm not sure if my question about giving the money back has been answered as the topic seemed to have moved to the Care Home costs and the assessment of my mum ever owning her own property. When my mum was left the £50k, she gave to me and all I wanted to know was whether I had to give it back into her estate when she dies. Sorry, but I didnt expect to be grilled about whether I had lied or not and neither did I expect to be asked about 88 years of her life and whether she owned property. She didnt own any when she had a stoke and I told the LA this. I did not say mum had previously given me £50k. I do appreciate everyone's efforts to help but I'm going to take advice from a Solicitor - just in case the money she gave me from the sale of the flat needs to be put back into her 'estate' and then shared equally between my other sibling and me.
Thank you everyone.

gozomark

"Sorry, but I didnt expect to be grilled about whether I had lied or not and neither did I expect to be asked about 88 years of her life and whether she owned property"

better grilled here than officially

Mojisola

Thamesview wrote: »

To go right back to basics, my mum gave me some money, which I used to buy a bigger house, with the intention of my mum moving in with me. This didnt happen because she suffered a stroke before she could move in, but I did continue to buy another house. I'm not sure if my question about giving the money back has been answered as the topic seemed to have moved to the Care Home costs and the assessment of my mum ever owning her own property. When my mum was left the £50k, she gave to me and all I wanted to know was whether I had to give it back into her estate when she dies.

Sorry, but I didnt expect to be grilled about whether I had lied or not and neither did I expect to be asked about 88 years of her life and whether she owned property. She didnt own any when she had a stoke and I told the LA this. I did not say mum had previously given me £50k.

I do appreciate everyone's efforts to help but I'm going to take advice from a Solicitor - just in case the money she gave me from the sale of the flat needs to be put back into her 'estate' and then shared equally between my other sibling and me.

There are two different issues - no, you don't have to pay the money back. The "estate" is what your mother owns when she dies. Gifts do not have to be repaid. It doesn't sound as if the estate is big enough to worry about inheritance tax.

The other issue is whether the LA would consider the money your mother gave you as deprivation of capital. It's possible that they wouldn't because she wasn't expecting to need care when it was given and it was part of the process of moving from one home to another but there's no guarantee about that.

hardpressed

Is your mother paying care home fees or is she entitled to continuing care due to needing nursing care following such a devastating stroke?