Hello.
Mum is in her 90s, has 24hour care, in her own home. I’m POA.
I now need to ‘lend’ her money to sustain the situation.
Two related questions ....
Is there any way to formalise the ‘lending’ so i have a legal right to recover the money on my mum’s death ... or at the time she has to move into institutional care?
And, while i don’t have an issue of the authorities recovering the costs of that instututional care frim the sale of mum’s house ... would i have first call income from the house sale, in order to recover my loan?
I guess we might be talking about £60-£100,000 loan, depending for how long my mum’s dementia remains fairly stable.
Thank you ...
Mum is in her 90s, has 24hour care, in her own home. I’m POA.
I now need to ‘lend’ her money to sustain the situation.
Two related questions ....
Is there any way to formalise the ‘lending’ so i have a legal right to recover the money on my mum’s death ... or at the time she has to move into institutional care?
And, while i don’t have an issue of the authorities recovering the costs of that instututional care frim the sale of mum’s house ... would i have first call income from the house sale, in order to recover my loan?
I guess we might be talking about £60-£100,000 loan, depending for how long my mum’s dementia remains fairly stable.
Thank you ...