Leaving House to Children and moving to Bunglow

Wi11iams

Hi, My Parents are considering signing their House over to me for me & my family to own/occupy. My Dad(72) is Disabled (severe stroke) and my Mom(57) is now also unable to work.

They require an adapted bungalow ideally, would there be any issues with them giving us the house and seeking a bungalow from the local authority? ie deprevation of assets etc.

yangptangkipperbang

Just why should the rest of us pay for your inheritance ????? Will you pay for the cruise I have got booked for later in the year........

If they want a bungalow, sell the house and use the proceeds of that...........

Wi11iams

yangptangkipperbang wrote: »

Just why should the rest of us pay for your inheritance ????? Will you pay for the cruise I have got booked for later in the year........

If they want a bungalow, sell the house and use the proceeds of that...........

Would actually be saving you money as i receive lha for the property i am in at a much higher rate than a bungalow would be.

carefullycautious

Local authorities will allow them to be placed on their lists if they have medical needs. They will be awarded points and go into relevant band ie gold silver bronze.

Yes they can sell the house and keep the proceeds to help pay for the rent and any long term care they need. However if they give the house to you it will be classed as deprivation of assets if they try to claim any benefits to fund rent etc.

How did you think they were going to fund the rent and future care? Unless they have x amount of cash in the bank to see them through.

Wi11iams

Thank you for the reply, future care isnt an issue, mom will move in with us when dad goes, I am currently fulltime carer for dad if they go to a bungalow i wouldnt really be needed as much so I can go back to work and then i would be gifting the rent amount to my parents through earnings instead of paying private landlord on our existing property.

carefullycautious

Not sure what area you are in or what the housing lists are like but in our area if you are over a certain age and get into difficulty there is no problems with what you are suggesting

The only problem I can foresee is if your mum is not over 60 and goes into say an over 60 sheltered bungalow she may have to move if something happened to dad. However you are thinking of having her to live with you so that would solve that issue.

I speak from experience as I am younger than my over 60 hubby and faced this problem but fortunately was allocated a bungalow that was for the over 50s in that due to its location and being on an incline it was not really suitable for someone with mobility problems. Although we do not have medical problems we gave up a larger family property which was desperately needed.

Do talk to your local authority or if dad has an occupational therapist or social worker they can also help with the application process.

Regards I hope this helps

Wi11iams

Many thanks, it's 1 of a number of options we are looking into but was just wondering if it was possible. Thanks again!

swingaloo

I would be concerned at you saying that future care will not be a problem as you would care for your mum. That may not be the case. My brother was a carer for my mum and dad, mum died and dad got very poorly. He was admitted to hospital and not allowed to come home as he needed nursing care which even with the help we had been getting from district nurses was not considered enough.
He had to go into a care home- we were simply not allowed to bring him home and his home had to be sold to fund the care as we wanted the best place for him.
In real terms a house is not an 'inheritance', it is to provide a home for the owner, be it in that dwelling or a care home.