Hi, My husband was diagnosed with Parkinson's dementia 3 months ago after being diagnosed with Parkinson's 9 years ago. I really should have sorted out finances then but life for in the way. He's in the mild stage of dementia. I've got a LPA for him and we have wills we made years ago leaving everything to each other. We have 3 grown up children. My husband is 73 (13 years older than me).
If anything should happen to me first and My husband needed to go into care, the value of the house would be swallowed up in care fees. I would like our children to inherit something. Should i change my will and now leave my half to the children and not my husband? I don't think he could do that with his share as it would be seen as deprivation of assets. Or should we become tenants in common? Would that protect my half if anything happened to me first? If my half was in my children's names they wouldn't stop me from moving in the future. Thank you.
If anything should happen to me first and My husband needed to go into care, the value of the house would be swallowed up in care fees. I would like our children to inherit something. Should i change my will and now leave my half to the children and not my husband? I don't think he could do that with his share as it would be seen as deprivation of assets. Or should we become tenants in common? Would that protect my half if anything happened to me first? If my half was in my children's names they wouldn't stop me from moving in the future. Thank you.