I’m looking for some advice about my 76 year old mum who was recently diagnosed with early stage Alzheimer’s. My Dad died last June and since then I have taken over all of her household management and bills. I have been added to her joint account but I’m worried about her money as she has already been close to being a victim of fraud. I’m considering opening a joint savings account to put the majority of her money in and not giving her the details.
I have LPA and have been thinking about her house. Should I consider getting her to transfer the house into my name? There is no mortgage so it would just be the deeds. I’m think this might save us loosing out to inheritance tax and/or if mum needs to go into a care home. Has anyone else done this and has it helped?
I have LPA and have been thinking about her house. Should I consider getting her to transfer the house into my name? There is no mortgage so it would just be the deeds. I’m think this might save us loosing out to inheritance tax and/or if mum needs to go into a care home. Has anyone else done this and has it helped?