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Buying house with an elderly parent and another in care
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Oh and don't plan on having any holidays for a few years. At least not until they are both in a care home or hospital. Respite care near us was impossible to secure.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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I'm worried (like some other posters) that the OP is underestimating the challenge of caring for a parent with dementia.
It's vital that they research how demanding it can be.
And absolutely don't take on this role unless they're absolutely sure they know they've the mental and physical resources to handle it.There is no honour to be had in not knowing a thing that can be known - Danny Baker4 -
I also agree that until you have experienced it, you will tend to under-estimate the demands of providing care. A person cannot single-handedly provide 24 hour care however much they may wish to or feel that they should.It would be a good idea to contact a carers or Alzheimers charity to discuss how best to go forward.All the best, OP - it is not good to see your parents going downhill like this, but you do need to be realistic about possible options.1
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