Hi there
Having POA for both my Mum and Dad I am trying to keep on top of their affairs. Dad has Altz and is in a Care Home. His savings have now gone and the LA will be paying his fees from this month. It occured to me that as they have Joint Life First Death Wills, and share ownership of thier home, if Mum were to go before Dad, everything would go to him, and I assume subsequently he would become Self Funding again. Mum is paniking and I have made an appointment for us to see a Solicitor, but I have no idea what we should be aiming for to protect her assests...has anyone else been in this position, and advise would be very much appreciated.
Having POA for both my Mum and Dad I am trying to keep on top of their affairs. Dad has Altz and is in a Care Home. His savings have now gone and the LA will be paying his fees from this month. It occured to me that as they have Joint Life First Death Wills, and share ownership of thier home, if Mum were to go before Dad, everything would go to him, and I assume subsequently he would become Self Funding again. Mum is paniking and I have made an appointment for us to see a Solicitor, but I have no idea what we should be aiming for to protect her assests...has anyone else been in this position, and advise would be very much appreciated.