[smudgie]

Originally Posted by LeatherTrumpet

Im doing will stuff at the moment (me old mum died) but luckily my brother is a lawyer and his best pal did all my parents legal work so its one less headache.

Sorry to hear your sad news LT.

[Zizu]

Originally Posted by LeatherTrumpet

Im doing will stuff at the moment (me old mum died) but luckily my brother is a lawyer and his best pal did all my parents legal work so its one less headache.

Aww that’s so sad mate .. I’m so very sorry


Sent from my iPhone using Tapatalk Pro

[user104658]

Jokes aside with what Cherie said actually, honestly with things the way they are right now I'd be keeping an excess pot of cash like that aside incase it's needed. Although also hard to recommend keeping large amounts as cash when inflation is way up, as it loses value by the day. But then investments aren't stable either. Not many good options right now

[Kate!]

Thanks everyone xx

[AnnieK]

Just to add Kate - when my Nan had to go into a home, I had to get LPA for her to deal with her finances (I was named in her will but as both executors - her partner and my mum had died I had to deal with everything) and they didn't "force" me to sell her property whilst she was still living. They basically put a charge on the house and so the council paid her care fees but once she did pass I then had to sell the property and pay the council off before I split the remaining estate between my brother and I. She was in the home for just over 2 years and the charge on the property was in excess of £50k!!! She was in a nursing home as she had dementia but it was a shock. They stop charging you the full amount when the money you have in savings / equity gets down to £23k and then when its get down to something like £13k you don't have to pay as they have to leave enough to reasonably cover funeral and estate costs.

I had to complete yearly audits and submit everything I had authorised her money to be spent on. One thing we did do though was pre-pay a funeral plan out of her savings and the LPA people approved that.

Its a minefield once you get into the whole paying for care.

[ThomasC]

Originally Posted by AnnieK

Just to add Kate - when my Nan had to go into a home, I had to get LPA for her to deal with her finances (I was named in her will but as both executors - her partner and my mum had died I had to deal with everything) and they didn't "force" me to sell her property whilst she was still living. They basically put a charge on the house and so the council paid her care fees but once she did pass I then had to sell the property and pay the council off before I split the remaining estate between my brother and I. She was in the home for just over 2 years and the charge on the property was in excess of £50k!!! She was in a nursing home as she had dementia but it was a shock. They stop charging you the full amount when the money you have in savings / equity gets down to £23k and then when its get down to something like £13k you don't have to pay as they have to leave enough to reasonably cover funeral and estate costs.

I had to complete yearly audits and submit everything I had authorised her money to be spent on. One thing we did do though was pre-pay a funeral plan out of her savings and the LPA people approved that.

Its a minefield once you get into the whole paying for care.

The LPA paperwork itself is enough to make you scream.

[Crimson Dynamo]

The care home at the end of my street charges 1600 quid a week

SO if your parent went in there for a year that bill is £83,000

Its definitely worth making plans...

[smudgie]

We have been putting off sorting a will for years.
Don’t think we should put it off much longer.