Building on this real world experience, this led us to produce the definitive guide on 'How to run the Bank of Mum and Dad'which shows how it works and the important things families need to consider. Most parents like the idea of helping their children onto the housing ladder, and with tough conditions for first-time buyers, it's no wonder that the Bank of Mum and Dad is in serious demand. My brother may have to into a care home and although I don't live with him, I own 40% of the property and have done so for over 20 years. The house was left to us both by our late Mother.

My Nan has left my mums portion of her estate to go into trust for her when my Nan dies. My mum is in care. Will the money/property be used to pay my mums care fees, (currently funded by the local authority)? This Support for divorce intervention is to help support a child who has experienced their parents divorcing. It is intended for children who are struggling… When considering deprivation of assets, the Local Authority will look at the motivation, the timing and foreseeability of needing care at the time the transaction/gift was made. Only the capital, savings and income that belong to your mum, as the person needing residential care, should be considered in any financial assessment.If he does not, you can serve him with a notice telling him that you are severing the tenancy unilaterally. This would need to be registered at the land registry, and you should seek advice on how to do this, from ourselves or others. For example, if you have a defined benefit pension that will provide you with sufficient income in retirement, but also a defined contribution pot that you don't need, then there could be an argument to use some of the defined contribution pot. Alzheimer’s Society is really conscious of the unfair disadvantage people with dementia face with care costs and we campaign for social care reform. Here is some information on our Fix Dementia Care campaign if you would like to read further: https://www.alzheimers.org.uk/get-involved/our-campaigns/fix-dementia-c…

Hope you can give guidance as I’m worried every thing she’s worked for and wanted to pass on to me will disappear as she’s worked all her life and wanted to do this in advance thinking I will be secure for my future if anything had to happen to her?My father has just been diagnosed with terminal cancer with a relatively short life expectancy. He is a full time carer for my mother who has Alzheimer’s. They have decided to immediately go into a care home so my mother becomes familiar with it before my father passes.. My question is whether we should sell the property immediately or wait until one of my parents passes to be get the benefit of the ring fenced 50% of the property value with the Tennants in common? If we sell immediately I believe the full sale value would be seen as savings with my mother and liable for care home fees. If we don’t sell until one of them passes only half of the house would be considered for care as the other half would be in trust. Can you confirm my logic makes sense.

Hello. My sister has been caring for my father since my mother died. She gave up her job to move in with him and is his registered carer. She has been living with him for the last 6 years. His health is failing and so we need to find a nursing home for him. We are worried that the local authority will make us sell the house to pay for his care. This could mean my sister will be homeless as she doesn’t have any savings to pay for a house or even rent somewhere and also deplete any savings that my mother would have intended for us children. I don’t think the house is tenants in common sadly. How would the local authority view this? The countryside escape is located in West Sussex, Surrey – Midhurst, 12 miles from Chichester, to be exact. To put that in to perspective, that's just less than Clydesdale Bank lent on mortgages in the whole of 2017.You mentioned that you have Power of Attorney already, so assuming this is a Lasting one for Property and Financial Affairs, that should allow you to set up a DPA (or sell the house if you decide to do that anyway) so long as you are acting in your mum’s best interests. Defined contribution pensions take contributions from both employer and employee and invest them to provide a pot of money at retirement.