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Gifting of property advice
Comments
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If a large inheritance is going to come the way of your mother from another elderly relative, then the thing to do is for that relative to make a new will, leaving her estate to the next generation (or maybe the cats home) so it never enters your mum's estate in the first place. This assumes the relative still has the mental capacity to do so.
You mum may be able to claim PC if she stays put, but not if she sells or gives her home away. Under no circumstances can she claim housing benefit, and living on the state pension alone I don't see how she can afford the rent for sheltered accommodation.0 -
Incidentally if you mother dies before your cousin, the legacy will fail unless the will actually states what should happen in this case, otherwise intestacy rules will apply, so it sounds like the will needs to be reviewed anyway.0
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slopemaster wrote: »If her husband has only just died, I think you should be encouraging your mum to take NO irrevocable decisions for at least several months, preferably a year.
My mum initially talked of moving to sheltered housing after dad died. I wasn't at all sure it would be best for her. I didn't argue against it, but persuaded her to wait. She then decided to stay in her own home and was glad she hadn't decided anything whilst still in shock. She was able to live at home until the end. Its always possible to get cleaners/gardeners/handymen, and maybe you could organize these for your mum if she decides to stay at home.
O agree with this, esp if it is just maintenance of the hoe that is the issue. she can hire people, and I presume you and your bortother can give her a bit of your free labor to assist here.
I understand her worry about care costs, but 1- most people dont go into care homes, and 2- she would run into Deprivation of assets rules. And 3- if she needs care, all the better to soend her money on herself- that is what it is for. Basic care homes for those funded by the local council are probably not where she (Or you) want her to be.0
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