Hi, I’m looking for some advice please. I’m based in Scotland. It sadly looks as if my mother will need to move into a care home as her needs are complex and can no longer be managed at home with her care package. My late father left me his share of their home in trust. My mother lives in the property on her own. I don’t know what to do with the house when she does move into care and I’m thinking of perhaps buying it for myself as it’s a bungalow and adapted. I would buy out her half basically. My heads in a bit of a mess to be honest and I’m tired and just thinking too much about everything.
Has anyone been in this position before. How is the house valued by the local authority . My mum will obviously be self funding for a few years but since I technically own half of the property, I’m assuming that I would need to agree to the final cost. It seems complicated as I’m also the power of attorney for finances and welfare. Would there be a conflict of interest then or would it be straightforward. I don’t want to overpay as the market isn’t great just now and several houses in her street are up for sale and not selling.
Any advice would be greatly appreciated as I feel that the time has come to move forward to ensure my mums safety.
Has anyone been in this position before. How is the house valued by the local authority . My mum will obviously be self funding for a few years but since I technically own half of the property, I’m assuming that I would need to agree to the final cost. It seems complicated as I’m also the power of attorney for finances and welfare. Would there be a conflict of interest then or would it be straightforward. I don’t want to overpay as the market isn’t great just now and several houses in her street are up for sale and not selling.
Any advice would be greatly appreciated as I feel that the time has come to move forward to ensure my mums safety.