It's been a very long since I have posted after mum passed away.
I'm hoping someone can help. My closest friends husband has been diagnosed with AD. She has a POA in place. It's also been suggested to her that she and hubby should change her joint ownership on the house they own to something called Tenants in Common. This was by a firm of advisors. The idea being should her husband need a NH then she won't have to pay NH fees. I might be being an old cynic, but if something sounds to good to be true, then it is too good to be true.
I have several concerns, firstly that she could end up in a real mess, should hubby pass away and she wants to sell up for whatever reason, could the other person now the new joint tenant stop her (her son) and thirdly should the son divorce could the X wife claim a share of the property? Seems a mine field to me. Any thoughts thankfully received.
I'm hoping someone can help. My closest friends husband has been diagnosed with AD. She has a POA in place. It's also been suggested to her that she and hubby should change her joint ownership on the house they own to something called Tenants in Common. This was by a firm of advisors. The idea being should her husband need a NH then she won't have to pay NH fees. I might be being an old cynic, but if something sounds to good to be true, then it is too good to be true.
I have several concerns, firstly that she could end up in a real mess, should hubby pass away and she wants to sell up for whatever reason, could the other person now the new joint tenant stop her (her son) and thirdly should the son divorce could the X wife claim a share of the property? Seems a mine field to me. Any thoughts thankfully received.
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