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Transferring money to spouse when LPA is about to be issued

alikat55 · 2016-08-13 13:20:26

My husband is about to make an LPA because of early onset dementia and I was wondering about the legal situation in respect of finances should the LPA be activated and his finances need to be used to contribute towards paying for him to go into a care home. Currently we have joint bank accounts, we each have our own ISAs…

Comments

Savvy_Sue Posts: 47,885 Forumite

14 August 2016 at 3:40PM

jackyann wrote: »

Good advice above. It would also now, make sense, to make sure that your own money is in your own bank account.

Yes, so opening an account in your sole name into which YOUR money goes in future is a very clear and definite priority! Whether you start paying bills from it at this stage is of course your choice.

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