Power of Attorney

incandescent

Thanks everyone. He has a combination of savings accounts and shares and the combined total is well over the £28k threshold, and yes there is a history of regular transfers to my mum.

I'm not sure he has the capacity to understand the specific details of a given transaction now but he is clear that he still wants my mum to have the money.

I'll let you all know what the outcome is. Your advice is much appreciated!

Primrose

Do make and keep photocopies of any statements showing all these transfers as far back as is historically possible. They may be useful in showing a pattern of financial behaviour which yiu are seeking to continue on your father's behalf.

You are obviously preoccupied at the moment but I would urge you to set up a P of A for your mum also if you have not yet done so, and also get a Health & Welfare P of A set up for her while she still has mental capacity.

This may seem unnecessary but I recently learned of a case where somebody who had financial Pof A for a relative was prevented from pursuing a financial care funding issue for him because they didn,t also have a Health & Welfare P of A whixh impacted on the issue they were pursuing.

It seems these days local authorities are incredibly short of money for care funding and are using every avenue open to them to try and block legitimate applications . Don,t risk tying one hand behind your back for the sake of spending £80 for empowering documentation.

Sea_Shell

Fire_Fox wrote: »

Arguably the savings are marital assets, arguably your mother is dependent on your father. It may be she needs to make some sort of legal claim and get formally recognised. Poorly wording but hopefully you get my drift.

The daft thing is, if they got divorced, the marital assets would probably be split 50/50!!!

(Not suggesting that as a plan by the way!!)