I wonder if anyone can give me any advice or help me from their own experience. My brother gave up work and moved in to look after my mother, who has dementia, nearly 2 years ago. He gets the carer's allowance, and I also 'give' him a similar amount per month from my mother's money, using my Power of Attorney. I made this decision based on the annual allowance which people can give away without any implications for tax. This gives him an income which is just about adequate for everyday needs and expenses.
The problem is that he has left his own house, which is now falling into disrepair, and has no savings to carry out repairs. He is debating whether to sell it but it is a big decision, and he can't rent it out in its current state. Also he has limited time to visit it and check on it.
My mother has savings and in her younger days she was very generous with my brother and other family members; would I be justified in making him a further one-off gift or loan from my mother's money? I help with care and respite where I can but I am very aware that he is bearing the brunt of the care and don't want to see him losing out. The alternative is to make him a personal loan from my own savings, but my husband would not be too happy about this, especially as my mother is in a better situation financially.
We have another brother who would need to be consulted but I don't think he would object to a reasonable gift or loan; I'm more concerned about the legal aspect and any implications for the future.
I know we are in a more fortunate position than many people where there is no spare cash at all but it is a situation which is worrying me a lot and I would welcome any thoughts.
The problem is that he has left his own house, which is now falling into disrepair, and has no savings to carry out repairs. He is debating whether to sell it but it is a big decision, and he can't rent it out in its current state. Also he has limited time to visit it and check on it.
My mother has savings and in her younger days she was very generous with my brother and other family members; would I be justified in making him a further one-off gift or loan from my mother's money? I help with care and respite where I can but I am very aware that he is bearing the brunt of the care and don't want to see him losing out. The alternative is to make him a personal loan from my own savings, but my husband would not be too happy about this, especially as my mother is in a better situation financially.
We have another brother who would need to be consulted but I don't think he would object to a reasonable gift or loan; I'm more concerned about the legal aspect and any implications for the future.
I know we are in a more fortunate position than many people where there is no spare cash at all but it is a situation which is worrying me a lot and I would welcome any thoughts.