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Helping elderly parents move house - is this proposal workable?
in Marriage, relationships & families
18 replies 1.8K views
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Also - very handy if you or sis have third party authority on their bank account(s). This is great for when they aren't able to get to the bank, want cash, need DDs changed etc. They may be able to do all of that now themselves but things do change. Sometimes suddenly.
2023 £1 a day £54.26/365
We had the same situation, and simply 0ut in the extra money to help my parents buy their chosen house, and had a Deed of Trust put in place to legally protect our share. Was very cheap and straightforward to do.
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Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
Unfortunately getting them out of the area is a big priority. My dad still drives but if anything were to happen to him, or indeed, if he were no longer able to drive, there would be issues with their current location
As mentioned it the running costs that have to be watched as they don't go away when the occupant vacates.