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Hi, I have a question about paying for care home fees using top up method.
My Mother has dementia and needs to go in to a full time care home, she owns her house outright and has some savings and a private pension.
I have a brother and sister and in the will we are all to get an equal share of the estate.
We are planning to rent the property and use my mothers income to pay for the care.
There is a shortfall between my mothers income and the care home fees, my brother and myself are willing to cover this but my sister can not afford to do this, if the property was sold and the profits used to pay for the care it is estimated that the money would run out after 5 years.
Is it possible for my sister to sign over her portion of the property to my brother and myself as she is not contributing towards keeping the inheritance? my sister is happy with the situation.
We do have power of attorney health and welfare.
Regards
LB
My Mother has dementia and needs to go in to a full time care home, she owns her house outright and has some savings and a private pension.
I have a brother and sister and in the will we are all to get an equal share of the estate.
We are planning to rent the property and use my mothers income to pay for the care.
There is a shortfall between my mothers income and the care home fees, my brother and myself are willing to cover this but my sister can not afford to do this, if the property was sold and the profits used to pay for the care it is estimated that the money would run out after 5 years.
Is it possible for my sister to sign over her portion of the property to my brother and myself as she is not contributing towards keeping the inheritance? my sister is happy with the situation.
We do have power of attorney health and welfare.
Regards
LB
