Joint Tenants and care home fees
My situation is similar to those already posted. My husband and I and my mother-in-law have all lived in the same house for 24 years as joint tenants. We still have another year on the mortgage to pay.. Unfortunately his mothers dementia has become worse and she now needs 24hour care. We are about to be financially assessed by Social services. I am worried that they may consider her third of the house as an asset and either put a charge on the house so if and when we sell it they will demand her share of the sale (even if its after her death) , or force us to sell the house.
My husband is 60 years old in July and I have read they would normally disregard the property when he is 60, but the situation is serious and we cannot delay her going into a care home. I have also read that the financial assessment should consider her assets as they are at the time of the assessment which in her case would be a third of the house and if put on the market the value would be Nil or minimal as who would want to purchase a third of a house.
I am not sure if anyone has been through this type of situation. I have read so much but its always 'this may happen' or 'that may happen' there never seems to be an answer saying 'this is what will actually happen' .
I hope someone can help I am at the end of my strength with it all.
Many thanks