Hi. My mum just recently diagnosed with demencia and I am trying to get her finances in order just in case in the future some form of care is needed. I have POA. The thing is I own the house mum lives in jointly but I live in my own house elsewhere. I also have a small saving bond I have jointly with my mum.
Concerned now about how the local authority will view this. One being the house jointly owned. The saving bond - should I now close this account and open two seperate accounts.
I keep reading about the phrase deprivation of assets and this frightens me should things be challenged.
"money issues should not be an issue but the thought of L.A. bleading the aged and I'll really gets me angry - when care and support should be paramount.
HELP. Thank you.
Concerned now about how the local authority will view this. One being the house jointly owned. The saving bond - should I now close this account and open two seperate accounts.
I keep reading about the phrase deprivation of assets and this frightens me should things be challenged.
"money issues should not be an issue but the thought of L.A. bleading the aged and I'll really gets me angry - when care and support should be paramount.
HELP. Thank you.