My mums is becoming increasingly demented and it seems likely that soon we will no longer be able to care for her in her own home. Several months ago I obtained power of attorney and am now considering how we can (legally) avoid selling mums home to finance this.
She has scrimped and saved all her life to leave 'a good inheritance' and it would break her heart to know that all her savings were going to nursing home fees.
As disposal / transfer of her assets now would be clearly for avoidance of home fee liability, is there anything I can do ( as her advocate) to prevent / minimise it at this late stage? I thought that I could buy her a nice Porsche or sell her house to myself at a very generous discount.
I do take my responsibilities as advocate seriously, and if our whole inheritence has to go in order to look after mum in a home - so be it. But if there were any way of avoiding this, moving her assets and getting the government to shoulder its resposibilities....
Richard
She has scrimped and saved all her life to leave 'a good inheritance' and it would break her heart to know that all her savings were going to nursing home fees.
As disposal / transfer of her assets now would be clearly for avoidance of home fee liability, is there anything I can do ( as her advocate) to prevent / minimise it at this late stage? I thought that I could buy her a nice Porsche or sell her house to myself at a very generous discount.
I do take my responsibilities as advocate seriously, and if our whole inheritence has to go in order to look after mum in a home - so be it. But if there were any way of avoiding this, moving her assets and getting the government to shoulder its resposibilities....
Richard