Advise on housing options

Purplelady65

I would suggest you contact a solicitor to talk through everything with you and the implications.  If you put your mum’s name on the deeds and then create joint tenants in common if 50% for each parent then if the parents are leaving their 50% of the property to their children rather than each other then in death their half could be held ‘in trust’ rather than in a formal trust that is set up. The property ownership would not transfer to the children at this point but would be held in trust. The surviving partner would be free to downsize etc (as mentioned earlier by another OP the will will need to reflect they are free to move) then when they die the ownership would transfer to the children of the first parent’s 50% and assuming the second parent has a mirror will their 50% as well.