Elderly parents - signing house over?

[Deleted User]

Well shes got will sorted and stored with solicitor now.

The house thing I think is a bad idea as most have said. BIL is adamant though that "his mate down the pub" - nice way to decide isn't it?

Wife hopefully has talked sense into mother into keeping it as is. I think that's the best way. In the unlikely event that she ever needs care why shouldnt she be able to use her money to get somewhere nice instead of bog standard free one?

Of course, if the house is signed over, theres the tendency to think, well its my inheritance now and expect elderly parents to avail themselves of the free care rather than take back part of what is theirs anyway.

I would imagine that sort of thing is not uncommon. Greed once people see the money.

euronorris

[quote=[Deleted User];69476952]Well shes got will sorted and stored with solicitor now.

The house thing I think is a bad idea as most have said. BIL is adamant though that "his mate down the pub" - nice way to decide isn't it?

Wife hopefully has talked sense into mother into keeping it as is. I think that's the best way. In the unlikely event that she ever needs care why shouldnt she be able to use her money to get somewhere nice instead of bog standard free one?

Of course, if the house is signed over, theres the tendency to think, well its my inheritance now and expect elderly parents to avail themselves of the free care rather than take back part of what is theirs anyway.

I would imagine that sort of thing is not uncommon. Greed once people see the money.[/QUOTE]



If I had a £ for everytime I heard someone say 'my mate down the pub did x, y & z, so why can't I', I'd be a very rich woman! Some situations can be vaguely similar, but actually very different situations, and/or legislation has simply changed and you can't do it like that anymore!! Very frustrating.


The quality, and price, of care homes varies greatly, especially from area to area and the price is only going to increase with the introduction of the living wage, and the recent 'travel to work is work' ruling by the EU.


Recently saw a case where the selected care home cost £96,000 per annum! That's £1,846 per week! In that particular area, IF, the individual was even eligible for local authority assistance (which they aren't), the maximum weekly rate that the LA would pay out is £740pw (with nursing care) or £550pw (without nursing care). And those LA rates are significantly higher than the rates for the area I live in, where the maximum is just £484pw.


In my opinion, if mum/dad/granny/whatever, can afford to pay for decent care, they absolutely should. It's one of the most vulnerable times of their lives, the least they should have is some choice over where they live (assuming they still have capacity to decide).

troubleinparadise

I'm not sure if BIL has considered this option to ensure that MIL keeps her house: he could give her whatever care she might need.

That would be free, not cost her anything, and preserve the house for the four (adult) children.

Problem sorted, and no legal fees either.

Mojisola

troubleinparadise wrote: »

I'm not sure if BIL has considered this option to ensure that MIL keeps her house: he could give her whatever care she might need.

MIL might not want personal care from her son!