Hello
I am a CoP Deputy for the finances of my dad who is in care home following a significant stroke over 18 months ago. My mum died earlier this year and her will assigned all her assets to dad including the jointly owned house. Hence I am in the process of applying for additional permission to appoint two 'trustees' to be able to sell his house on his behalf, (expected to arrive soon).
Around a month ago my dad's health started to fade quiet quickly and at the minute it looks like he may not be with us for long.
When (if) permission is granted to sell his house and the two trustees then are in the process of selling his house and he then sadly dies, I assume the legal powers dissolve and we have to pull out of selling.
But what happens if they are at the stage of 'exchanged contracts' with a new buyer and we then loose the powers?
I will of course seek legal advice about this process before we start to sell the house and it will depend on dad's health at the time.
But any words of advice at this stage?
Many thanks And
I am a CoP Deputy for the finances of my dad who is in care home following a significant stroke over 18 months ago. My mum died earlier this year and her will assigned all her assets to dad including the jointly owned house. Hence I am in the process of applying for additional permission to appoint two 'trustees' to be able to sell his house on his behalf, (expected to arrive soon).
Around a month ago my dad's health started to fade quiet quickly and at the minute it looks like he may not be with us for long.
When (if) permission is granted to sell his house and the two trustees then are in the process of selling his house and he then sadly dies, I assume the legal powers dissolve and we have to pull out of selling.
But what happens if they are at the stage of 'exchanged contracts' with a new buyer and we then loose the powers?
I will of course seek legal advice about this process before we start to sell the house and it will depend on dad's health at the time.
But any words of advice at this stage?
Many thanks And