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House sale - how to invest the money
childwall43
Posts: 3 Newbie
I'm looking after the proceeds of my fathers house. After deductions, lets say I have about £100K. I want to get the best interest possible, but the snag is I need to withdraw money from it at regular intervals to pay for his care home. I could manage with 4 withdrawals a year, perhaps to my own bank account and then pay his monthly fees form my account. Any suggestions ?
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Comments
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I'm looking after the proceeds of my fathers house.
If this is your father's money then it should be in accounts in his name.
Do you have Power of Attorney for him?0 -
Yes - I can act on his behalf, legally.0
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childwall43 wrote: »Yes - I can act on his behalf, legally.
Through a POA?0 -
You could consider buying an "immediate needs annuity" to cover the care home fees.childwall43 wrote: »Any suggestions ?0 -
I have a Lasting Power of Attorney.0
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