looking after nan

Errata

You need to understand Deprivation of Assets and how it could impact on your suggested plan for your wife's grandmother.

xyellowx

mojisola - not trying to pull a fast one at all would fully expect to have to cover any care home bills should it happen whole idea of her moving in with us is that wont happen but i realise you never know

also the family are a waste of time the only time they bother is when there getting something out of it

errata - hadnt even thought that far ahead so thanks for reminding me

Mojisola

xyellowx wrote: »

mojisola - not trying to pull a fast one at all would fully expect to have to cover any care home bills should it happen whole idea of her moving in with us is that wont happen but i realise you never know

I wasn't suggesting you were trying to pull a fast one - what I mean is that you could end up out-of-pocket.

Say you put your money together and buy a house -

Gran needs to go into residential care and she owns 30% of the house - value at that time £200k (random figure just to make the sums easier) - so her share is £60k and yours is £140k.

You end up with a charge of £60k against your house but by the time you come to sell, house prices have fallen and you only get £150k for the property.

You end up with £90k to put towards a new property - a big loss to you.

Treevo

xyellowx wrote: »

if she left it the grandkids that would be fine she has our 2 and another 2
me and wife just didnt want anything we spend alot on her and never have a penny back despite what the rest of family think they think because we take her on holiday she pays for it all couldnt be futher from the truth,

yes shes had a 2 new neighbours move in each side which has upset her and she had a couple of acidents recently and some problems with sight in one eye last couple of months dropped lots of comments about where she may may not end up if we didnt help the way we did, and how son daughter in law dont/wont bother with her when she needs there help most

I think you're missing the point - it doesn't matter a fig what you think is 'fine' because it's not your money. It is hers. If she decides to leave it all to the cat's home, then she can and her wishes should be respected.

xyellowx

correct i totally agree

betsie

Please don't worry about anyone elses feelings as they are obviously not worried about your family or their nan/mother).
If your wifes nan is fully with it she can decide to leave her money to whoever she wishes.
I have witnessed what happens to families when the mother dies, the ones who did the least come rushing over wailing. Next day they are in taking all the stuff they want and deciding how much they will get for the house. When they realise they are not getting the chunk they thought and the person who has lived with her and looked after her for years (while they popped in for 1/2 hour when they were not busy) is getting most of it (pointing out that if she didnt she would be homeless) they go mad (and never speak to you again which is absolutely no loss so that is a bonus).
If your wifes nan did not have your help she would either have to go into a home or have increasing help from carers - this costs a great deal of money and she would have an awful lot less to leave them anyway.

Treevo

xyellowx wrote: »

correct i totally agree

So then stop worrying about maybes and focus on the now.

You haven't even asked her if she would like to sell up and buy a house with you yet. You need to find that out first before you do anything. But please, don't cast aside her wishes because you think some people who clearly don't care about this lady or you are judging you by their own standards.

Dunroamin

Having her over for Sunday lunch is very different from all of you living together. Would you be looking at buying a house with a granny flat?

Kynthia

This subject has been discussed a few times in the house buying, renting and selling forum. It might be worth you looking or posting there too.

xyellowx

yes would only work if we had a bit of our own space
need either large 4 bed we can put conseratory on or a house thats been extended converted for same reason we need it