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Gifting my mother money to buy her freehold.
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Justaquestion wrote: »I'll also check with the solicitor about possibly protecting the money I'm gifting somehow. If it was someone else, I'd be happy with a loan, but I know my mother would be worried about paying it back and as I am the one to potentially benefit from this in the future, then it should be me that pays and not her.
If the loan is set up to be paid back when the house is sold, she can forget about it. It does mean that, if the house has to be sold to pay for residential care, you will get your money back.0 -
Oh great thanks - I'll look into that!0
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