i know we have some NZ members so would appreciate comments. Johns nephew in the Wellington area has been obliged to place his mother in a care home after two strokes, broken hip and vas dementia. He is a good and loving son but now has a dilemma not unfamiliar here in the UK. He owns the half of their house left to him by his father who died of Alzheimer’s. The son has been supporting them both so I don’t think he has much in the way of funds.
The authorities say he must now sell the house and invest his mothers half so as to get the best interest which must go towards her care. I have suggested he pay rent on his mothers half, equivalent to what would be earned in interest. He seems under pressure to sell. Any experience on this from our NZ members.
The authorities say he must now sell the house and invest his mothers half so as to get the best interest which must go towards her care. I have suggested he pay rent on his mothers half, equivalent to what would be earned in interest. He seems under pressure to sell. Any experience on this from our NZ members.