It is coming to the point where my father will be needing a care home imminently due to his diagnosis of dementia. At the moment myself my mum and dad live together in the property. The property is set up as joint tenants with both my parents names.
From my understanding there will be a mandatory disregard on the property whilst my mum still lives there. However if my mum dies first the complete value of the property switches to my father and this will be used to pay all fees and the children will be left with nothing.
My mum has spoken to a solicitor and was advised to severe the tenancy and move to tenants in common. Will the local authority treat this as 'deprivation of assets'? If so we are best to sell the property now then risk losing it all?
Under tenants in common if my dad dies first is the debt written off under either tenancy arrangement? If mum dies first then my dads 50% of the property will be used to pay for fees?
If my dad dies then mum dies a year later can the authority take the complete property?
Does anyone have a recommendation for a good solicitor for these type of questions?
Thank you
From my understanding there will be a mandatory disregard on the property whilst my mum still lives there. However if my mum dies first the complete value of the property switches to my father and this will be used to pay all fees and the children will be left with nothing.
My mum has spoken to a solicitor and was advised to severe the tenancy and move to tenants in common. Will the local authority treat this as 'deprivation of assets'? If so we are best to sell the property now then risk losing it all?
Under tenants in common if my dad dies first is the debt written off under either tenancy arrangement? If mum dies first then my dads 50% of the property will be used to pay for fees?
If my dad dies then mum dies a year later can the authority take the complete property?
Does anyone have a recommendation for a good solicitor for these type of questions?
Thank you