Hello ,
I really need some help as every seems to have got confusing.
My father made a will after my Mother pasted away 6 1/2 years ago, since then (4 years ago ) he has been diagnosed with Alzheimer’s and Vascular Dementia.
I have been the Primary Carer for my father and have Power of attorney.
My father went into a care home 12 months ago. I visit him every week and the care home staff says he asked and talks about me every day. Nobody else visits my father.
On making his will my father appointed both me and my sister as joint executors and give us a 50/50 split share of the very little he has, he also pointed out in the will his two daughters from a previous marriage that have nothing to do with him was to not get any of the inheritance.
My sister decided to withdraw herself from my father life when he was diagnosed with Dementia, she has barely visited him in the last 4 years and shall I say isn’t in the most stable position in life, she’s in a lot of debt and rents a room in a friends house.
When my father went into the care home I had to sort out his finances, on doing this I discovered he was owed a small sum of money from social services who had stopped a joint payment when my mother died.
My father now has a small sum of approximately £25,000 in a bank account in my name.
I have not mentioned this money to my sister ( whom I don’t really talk to anyway) as I don’t want her seeing my father purely from the financial gain she will get one day.
When my father was paid this money I needed to set up a bank account to pay his care home fees from and pay his pension into. This proved difficult without his signature which he could do as he has lost mental capacity.
So a few things I needs to understand;
In no shape or form do I want my father’s money or want to benefit from it but I would like as he would for it to be given to grandchild as I don’t want it and I don’t feel my sister has the right after disowning him in illness to get any.
Watching my father slow disappear is something do every day/week/month/year and know he would let me deal with things has he would.
I really need some help as every seems to have got confusing.
My father made a will after my Mother pasted away 6 1/2 years ago, since then (4 years ago ) he has been diagnosed with Alzheimer’s and Vascular Dementia.
I have been the Primary Carer for my father and have Power of attorney.
My father went into a care home 12 months ago. I visit him every week and the care home staff says he asked and talks about me every day. Nobody else visits my father.
On making his will my father appointed both me and my sister as joint executors and give us a 50/50 split share of the very little he has, he also pointed out in the will his two daughters from a previous marriage that have nothing to do with him was to not get any of the inheritance.
My sister decided to withdraw herself from my father life when he was diagnosed with Dementia, she has barely visited him in the last 4 years and shall I say isn’t in the most stable position in life, she’s in a lot of debt and rents a room in a friends house.
When my father went into the care home I had to sort out his finances, on doing this I discovered he was owed a small sum of money from social services who had stopped a joint payment when my mother died.
My father now has a small sum of approximately £25,000 in a bank account in my name.
I have not mentioned this money to my sister ( whom I don’t really talk to anyway) as I don’t want her seeing my father purely from the financial gain she will get one day.
When my father was paid this money I needed to set up a bank account to pay his care home fees from and pay his pension into. This proved difficult without his signature which he could do as he has lost mental capacity.
So a few things I needs to understand;
- Is it legal to have my father’s money in a bank account in my name?
- Does this bank account get mentioned and closed in the event of my father passing away.
- My sister has agreed to not be an executor so will be taken off when probate is applied for, but is probate needed for this value of money?
- Is there any way I can distribute some of the money to his grandchild as a gift as this is something he woud have done.
In no shape or form do I want my father’s money or want to benefit from it but I would like as he would for it to be given to grandchild as I don’t want it and I don’t feel my sister has the right after disowning him in illness to get any.
Watching my father slow disappear is something do every day/week/month/year and know he would let me deal with things has he would.
