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Helping mum with money
Comments
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The LPA is a protection for the OP. As the OP's Mum may not have capacity to manage this inheritance, she may also forget that she agreed to work in a particular way and may get help to sue the OP. The OP needs the protection of the LPA.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
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Would a joint account work so the OP can keep an eye on Mum's purchases in the interim?
This might buy some time to get a POA in place and speak to an IFA about trusts/annuities.0 -
I'd perhaps start by defining "large amount of money." £1m has a different answer to £50k.2021 GC £1365.71/ £24000
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