Hello there
I wondered if anyone could give the benefit of their experience with regard to keeping financial records. My mother in law who suffers from vascular dementia moved into a nursing home this week after managing to stay at home for almost three years with assistance ourselves and home carers.
Last week we sent the continuing POA (we are in Scotland) off to be registered and are waiting for it to be processed. Reading the Office of the Public Guardian site it seems as though accounts have to be submitted - of course we have nothing better to think about! On the face of it my MIL's affairs are very straightforward - she gets her state pension, a small occupational pension and care and mobility DLA. She owns her own property outright and so will be self-funding until this runs out - will not take long at £975 per week! She also has a modest amount of savings in a current account - Less than £8,000.
Despite a bit of forward planning and looking at care homes with my MIL, her admission this week happened as an emergency due to home care arrangements breaking down and we are still coming to terms with the new set up and our new "responsibilities".
We shall soon have to decide whether to sell my MIL's flat or lease it out and either option will require money to be spent - MIL is a heavy smoker and her flat will need repainting for example. We don't know whether we will be able to access funds from my MIL's bank account to pay for this or whether we will have to carry the costs. Also knowing the amount of cigarettes my MIL usually smokes we can't see her managing on just £20 a week for all toiletries, hairdresser, treats and cigarettes. Are we able to use the money in her bank account to top this up? It's making me dizzy thinking we are going to have to keep notes of everything we spend for my MIL and I hope I'm wrong!
Would be grateful for anyone's practical experience of how this works.
I wondered if anyone could give the benefit of their experience with regard to keeping financial records. My mother in law who suffers from vascular dementia moved into a nursing home this week after managing to stay at home for almost three years with assistance ourselves and home carers.
Last week we sent the continuing POA (we are in Scotland) off to be registered and are waiting for it to be processed. Reading the Office of the Public Guardian site it seems as though accounts have to be submitted - of course we have nothing better to think about! On the face of it my MIL's affairs are very straightforward - she gets her state pension, a small occupational pension and care and mobility DLA. She owns her own property outright and so will be self-funding until this runs out - will not take long at £975 per week! She also has a modest amount of savings in a current account - Less than £8,000.
Despite a bit of forward planning and looking at care homes with my MIL, her admission this week happened as an emergency due to home care arrangements breaking down and we are still coming to terms with the new set up and our new "responsibilities".
We shall soon have to decide whether to sell my MIL's flat or lease it out and either option will require money to be spent - MIL is a heavy smoker and her flat will need repainting for example. We don't know whether we will be able to access funds from my MIL's bank account to pay for this or whether we will have to carry the costs. Also knowing the amount of cigarettes my MIL usually smokes we can't see her managing on just £20 a week for all toiletries, hairdresser, treats and cigarettes. Are we able to use the money in her bank account to top this up? It's making me dizzy thinking we are going to have to keep notes of everything we spend for my MIL and I hope I'm wrong!
Would be grateful for anyone's practical experience of how this works.