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Financial
Merlot1234
Posts: 1 Newbie
in Wales
I am sole carer for my 92 year old father living with him I am 61 he wants to sell up and buy a smaller property for us both to live in what financial implications are there
0
Comments
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What sort of implications did you have in mind?
If it’s his property now, and the new property will also be his, it doesn’t make any difference.if he’s planning on donating some to you to avoid potential future care home fees then that would be problematic. But any property you are both living and would be disregarded anyway because you are over 60.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.1 -
Is he in receipt of any means tested benefits like pension credit? Having too much cash will stop this I believe.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.
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