Help!

xylophone

With regard to deprivation, (while it is true that the authorities may look back as far as they wish) your mother is fit and well, in her early sixties and as far as I can see the proposed gifts would not be to

" gain assistance sooner than would otherwise have
been the case."

The Local Authority would have

" to show that this intention was there " before it could take transferred capital into account?

See http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/FS40_deprivation_of_assets_in_the_means_test_for_care_home_provision_fcs.pdf?dtrk=true

However, if your mother merely wishes to live near her family, would she not consider buying a modern one bedroom flat situated near you or your sister? Access to all necessary facilities should not be a problem in London and she should be able to find a property which would be suitable and comfortable as she ages.

Presumably she has an income and this (together with any capital left after the purchase), would enable her to enjoy your company when she wanted at and to travel ( or use her own property) when she didn't?

chimchiminey

Hi

Thanks! She doesnt want to live near us. More like live with us without the hassle of a property and bills. Thats what she wants. She won't buy small, because then she will say that we will have no where to stay when we come over, which is often!

I think ideally she wants us to be mortgage free. Because my sister would be, and I could use that money to pay off my current mortage. But because she wouldn't have anywhere to live then I would need to buy. Or sell mine to be mortage free.

borkid

Could your mum buy your current property for the £150K she plans to give you and I'm not sure how ownership would work but make it joint so that you automatically get the property on her death. Not sure if tenants in common would work and a will to give you the remaining half or whatever proportion is decided . Or maybe a mix of part ownership and rent?

I've no idea if this would be possible but something to look into.

I am 63 and if my hubby died I definitely wouldn't rule out re marrying and I hope if the situaltion was reversed he would feel the same. New partnerships are not something to be ruled out too quickly.

LEJC

So sorry chim...I've no idea where I got the notion that you were male..appologies.

Errata

chimchiminey wrote: »

Thanks for the info. Culturally we have one of those massive families that would try to resist care homes but I understand that this could be beyond our control. Thanks for your help.

Any other pitfalls?

Just the obvious one, that you, your daughter and your mum drive each other round the bend.

uk_american

Another perspective, as your family sounds like mine. My nan in the US had a big house and various family would move in for a time as they were selling theirs/buying new, etc. She had considered moving to a warden controlled facility, but didn't feel 'old enough'.:rotfl:

My auntie (her youngest daughter) divorced in at 40 and moved in with my nan, just until she could get on her feet again financially. My nan was almost 80 and happy to have her around as she was rattling around the big house by herself as I had gone off to uni. As my living situation was difficult at home, I would spend the school days living with my nan from age 13-18. Best thing that ever happened to me.

My auntie worked a full time job and my nan did her own thing, but had the security of having someone else in the house and a hand for repairs and being driven around.

My nan and auntie agreed that the arrangement worked just fine and so carried on. When my nan got to 90 she slowed a little, my auntie would regularly cook for her before heading out for work (although if my nan didn't like the offering, she would make her own meal!) and would arrange her doctor's appointments etc. At 95 my nan was still pretty with it mentally, although my auntie was made redundant and then became her full time care giver.

Granted, my nan was very liberal. My auntie had a boyfriend (commitment shy, divorced, and no longer living in the area), and he would occasionally come and spend the night, no questions asked.

Assuming you have the right personality mix, this could be a win for all of you.