Twelve months ago my mother was diagnosed with dementia, shortly afterwards they moved from their house into council sheltered accommodation. Mums condition was worsening and she had difficulty managing stairs, and the house was too big for them.
At the same time my partner and I sold our house two hours drive away and moved into their former home, so we could be closer to them both and support them. They are now five minutes away and I visit 2/3 times a day.
We organised a court of protection deputyship for my mum in October and changed the ownership of the family house we are now living in from joint owners to tenants in common.
Dad changed his will and left his share of the property to me and my brother equally. Obviously mums share is covered under the COP order.
I have an arrangement with my dad that my partner and I will remain living in the house and upon such time as they both pass away I will inherit the house and give my brother half its value. My brother is quite happy with this arrangement as he doesn't see our parents as much and is happy for me to live near them and care for them.
Now dad wants to sign his share of the house over to me completely, for my security, with the agreement i would gift my brother what would amount to his half equal share in money when they die. I'm unsure whether that would be wise due to deprivation of assets. What if he ever needed to go into somewhere that required a greater level of care.
Any thoughts?
At the same time my partner and I sold our house two hours drive away and moved into their former home, so we could be closer to them both and support them. They are now five minutes away and I visit 2/3 times a day.
We organised a court of protection deputyship for my mum in October and changed the ownership of the family house we are now living in from joint owners to tenants in common.
Dad changed his will and left his share of the property to me and my brother equally. Obviously mums share is covered under the COP order.
I have an arrangement with my dad that my partner and I will remain living in the house and upon such time as they both pass away I will inherit the house and give my brother half its value. My brother is quite happy with this arrangement as he doesn't see our parents as much and is happy for me to live near them and care for them.
Now dad wants to sign his share of the house over to me completely, for my security, with the agreement i would gift my brother what would amount to his half equal share in money when they die. I'm unsure whether that would be wise due to deprivation of assets. What if he ever needed to go into somewhere that required a greater level of care.
Any thoughts?
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